Core Insights - The recent surge in gold prices is attributed to expectations of a global interest rate cut and increased demand for safe-haven assets due to political risks, such as the U.S. government shutdown [3][4] - Central banks worldwide are increasing their gold reserves, with China's central bank having added gold for ten consecutive months, reaching 74.02 million ounces by the end of August [4] - The gold ETF fund has seen significant inflows, with a total of 3.886 billion yuan in net inflows over the past nine days, indicating strong investor interest [4] Market Performance - As of October 17, 2025, the gold ETF fund (159937) has risen by 2.55%, marking a five-day consecutive increase, with the latest price at 9.46 yuan [3] - Over the past week, the gold ETF fund has accumulated a 5.94% increase, and its average daily trading volume over the past month is 1.502 billion yuan, ranking it among the top two comparable funds [3] Gold Price Dynamics - The international gold price has reached a historic high, surpassing $4,300 per ounce, with a year-to-date increase of over 60% and a doubling of prices since the beginning of 2024 [3] - The current market conditions are characterized by ample liquidity and a favorable environment for gold, with expectations of continued price support from its financial attributes [4] Central Bank Activity - Global central bank demand for gold is projected to grow by 3% in 2025, reaching 4,760 tons, the highest level since 2011 [4] - The shift towards including "non-sovereign assets" in foreign exchange reserves is expected to benefit gold in the long term [4] Fund Performance - The gold ETF fund has reached a new high of 4.044 billion shares, reflecting strong investor confidence [4] - The fund's recent performance includes a peak single-day net inflow of 1.113 billion yuan, contributing to a robust average net inflow of 432 million yuan per day [4]
避险需求激增，金价再度改写历史，黄金ETF基金(159937)涨幅超2%，冲击5连涨
Sou Hu Cai Jing·2025-10-17 01:59