Core Viewpoint - Gold is expected to continue benefiting from liquidity easing and can hedge against uncertainties brought by tariffs [1][2] Group 1: Market Performance - As of September 26, 2025, COMEX gold futures have risen nearly 8% in September [1] - The key drivers for this increase include concerns over European fiscal stability and the recent 25 basis point interest rate cut by the Federal Reserve, marking the first cut in 2025 [1] Group 2: Economic Factors - The U.S. job market faces downside risks, and inflation has not exceeded expectations, suggesting further rate cuts may occur within the year [1] - Ongoing uncertainties in the global landscape, including political turmoil in Europe and Japan, have contributed to the rise in gold prices since August [1] Group 3: Tariff Impact - The recent initiation of Section 232 tariff investigations by the U.S. on specific industries adds to the uncertainty surrounding U.S. tariff policies, making gold a potential hedge against volatility in risk assets like the stock market [1]
黄金有望继续受益于流动性宽松，关注黄金基金ETF（518800）
Sou Hu Cai Jing·2025-09-29 01:25