黄金收评丨金价震荡下跌，黄金ETF华夏（518850）回调跌3.5%

Core Viewpoint - The recent fluctuations in gold prices are attributed to profit-taking after significant gains, alongside easing concerns over the U.S. government shutdown and reduced geopolitical tensions, which have diminished gold's appeal as a safe-haven asset [1]. Price Movements - COMEX gold futures rebounded to $4030 before sharply falling back, with intraday lows reaching $3958, resulting in a price fluctuation exceeding $70 [1]. - London gold prices fell below $3940, while COMEX gold futures dropped below $3960 [1]. ETF Performance - The China Gold ETF (518850) saw a decline of 3.5%, while the Gold Stock ETF (159562) decreased by 3.62%, and the Nonferrous Metals ETF (516650) fell by 2.98% [1]. Market Analysis - Despite short-term volatility and a significant retreat from historical highs, gold prices have increased by over 50% year-to-date [1]. - Continuous gold purchases by central banks and the so-called "currency devaluation trades" (where investors sell sovereign bonds and currencies to mitigate risks from expanding fiscal deficits) are providing support for gold prices [1].