金价又双叒创新高！或有三大因素支撑！有色龙头ETF（159876）跳空大涨3%，获资金实时净申购1440万份！

Group 1 - The non-ferrous metal sector is leading the market, with the non-ferrous metal ETF (159876) jumping over 3%, reaching a four-year high, and attracting a net subscription of 14.4 million units [1] - Key stocks such as Xiyegongsi and Huaxi Youse hit the daily limit, while Huayou Cobalt rose over 9%, and Jiangxi Copper and Baiyin Youse increased by more than 7% [1] - Major stocks like Zijin Mining and Luoyang Molybdenum rose over 4% [1] Group 2 - COMEX gold prices have surpassed $3,876 per ounce, setting a new historical high, with expectations of further upward movement due to the Federal Reserve's interest rate cut cycle [3] - Factors supporting precious metal prices include increased demand for safe-haven assets, central bank gold purchases, and inflation expectations [3][4] - The Federal Reserve's interest rate cut cycle is seen as a key "slow variable" benefiting the entire non-ferrous sector, with different metals responding at different paces [4] Group 3 - The macro drivers for gold include expectations of Federal Reserve rate cuts, geopolitical disturbances increasing safe-haven demand, and central bank accumulation [5] - Strategic metals like rare earths, tungsten, and tin are expected to benefit from global geopolitical dynamics [5] - The "anti-involution" policy in China is expected to enhance production efficiency and improve market expectations, positively impacting metal prices [4][5] Group 4 - The non-ferrous metal ETF (159876) and its connected funds track the CSI Non-Ferrous Metal Index, with weightings of copper (25.3%), aluminum (14.2%), rare earths (13.8%), gold (13.6%), and lithium (7.6%), providing a diversified investment approach [6] - The index has shown varied performance over the past five years, with significant fluctuations in returns, indicating the importance of diversification in investment strategies [8]