市场避险情绪升温，金价突破4300美元，黄金基金ETF（518800）午后涨超3%，规模突破250亿元，连续5日净流入超28亿元

Core Viewpoint - The article highlights the surge in gold prices, which have surpassed $4,300 per ounce, driven by increased risk aversion amid geopolitical tensions and economic concerns, with a year-to-date increase of over 60% [1] Group 1: Market Trends - International gold prices have reached a historical high, breaking the $4,300 per ounce mark for four consecutive trading days [1] - The gold ETF (518800) has seen a more than 3% increase in the afternoon session, with its scale surpassing 25 billion yuan, and a net inflow of over 2.8 billion yuan for five consecutive days [1] Group 2: Economic Factors - The rise in gold prices is attributed to multiple factors, including expectations of interest rate cuts, concerns about the U.S. economy, and a weakening of the dollar's credibility [1] - Increased demand for safe-haven assets is noted due to tensions in U.S.-China trade relations and worries about loan fraud in U.S. regional banks [1] Group 3: Investment Recommendations - Investors are advised to be cautious of short-term price surges and to focus on the long-term investment value of gold [1] - Attention is drawn to the gold ETF (518800), which directly invests in physical gold, and the gold stock ETF (517400), which covers the entire gold industry chain [1]