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国际金价再创新高，美联储降息或已成定局，黄金ETF基金(159937)上涨近1%
Sou Hu Cai Jing·2025-09-16 02:06

Core Viewpoint - The market is experiencing a significant rise in gold prices driven by expectations of interest rate cuts by the Federal Reserve, geopolitical tensions, and strong demand for safe-haven assets [3][4]. Group 1: Market Performance - As of September 16, 2025, the gold ETF fund (159937) increased by 0.95%, with a latest price of 7.99 yuan [2]. - Over the past week, the gold ETF fund has accumulated a rise of 1.06% [2]. - The fund's liquidity showed a turnover of 0.04% during the trading session, with a transaction volume of 10.7493 million yuan [2]. - The average daily transaction volume over the past week reached 936 million yuan, ranking it among the top two comparable funds [2]. Group 2: Economic Indicators - The Federal Reserve is expected to initiate a new round of interest rate cuts during its meeting on September 16-17 [3]. - Recent U.S. economic data has shown continued weakness, with the unemployment rate rising to 4.3%, the highest in nearly four years, and a significant drop in the New York Fed manufacturing index [3]. - These economic indicators have reinforced market expectations for multiple interest rate cuts by the Federal Reserve [3]. Group 3: Gold Price Dynamics - Gold prices have reached historical highs, with spot gold surpassing $3,680 per ounce and the main gold futures contract at 3,722.500 yuan per kilogram [3]. - The overall market sentiment remains strong for gold, supported by low U.S. Treasury yields, a weakening dollar, and ongoing geopolitical risks [4]. - The current environment is characterized by a combination of interest rate cut expectations, safe-haven demand, and diversification in asset allocation, which is likely to sustain the upward trend in gold prices [4]. Group 4: Fund Inflows - The gold ETF fund has seen a net inflow of 21.3751 million yuan recently, with four out of the last five trading days showing net inflows totaling 63.7851 million yuan [5]. - The average daily net inflow over this period was 12.7570 million yuan [5].