黄金基金ETF（518800）大跌超5%，连续5日净流入超50亿元，规模近300亿元

Group 1 - The core viewpoint of the news is the unified support from European leaders for a just and lasting peace, endorsing President Trump's proposal for an immediate ceasefire and using the current contact line as a starting point for negotiations [1] - The statement emphasizes that international borders should not be changed by force and highlights the commitment to continue strengthening sanctions and pressure on the Russian economy and defense industry [1] - Following the statement, gold experienced a short-term drop, with the gold ETF (518800) falling over 5%, and a net inflow exceeding 5 billion yuan over five consecutive days, bringing its total scale close to 30 billion yuan [1] Group 2 - In the medium to long term, the demand for gold as a safe asset is expected to rise due to challenges to the US dollar credit system amid excessive monetary issuance and fiscal deficit monetization, along with increasing global geopolitical instability [1] - The combination of a potential Federal Reserve interest rate cut cycle, heightened uncertainty in overseas macro policies, and a global trend towards de-dollarization is likely to provide support for gold prices [1] - Investors are advised to be cautious of short-term volatility in gold prices and to focus on long-term investment value, particularly in gold ETFs (518800) that directly invest in physical gold and gold stock ETFs (517400) that cover the entire gold industry chain [1]