金价失守4000美元，黄金基金ETF（518800）回调近3%，资金回调布局，近10日净流入超50亿元

Core Viewpoint - Recent events such as the resurgence of US-China trade tensions, Powell's indication of ending balance sheet reduction, and the turmoil in US regional banks have accelerated capital inflow into the gold market. Although short-term bullish factors for gold prices are largely priced in, the long-term bull market is far from over [1] Group 1: Market Dynamics - Domestic and foreign capital is rapidly flowing into the gold market due to multiple events [1] - The remaining two interest rate cuts for the year have been fully priced in, alongside a marginal easing of US-China trade frictions [1] Group 2: Investment Recommendations - Investors are advised to mitigate short-term volatility risks and focus on long-term investment value [1] - Recommended investment vehicles include the gold ETF (518800) with over 27 billion yuan directly investing in physical gold and the gold stock ETF (517400) covering the entire gold industry chain [1]