美联储利率决议将于北京时间10月30日凌晨公布，降息预期推动金价回升，紧跟金价的上海金ETF(518600)今日收涨1%

Core Viewpoint - The Federal Reserve is expected to announce a second interest rate cut of the year due to weak employment data, which has led to a rise in gold prices [1] Group 1: Gold Market Dynamics - As of October 28, gold prices have rebounded, with COMEX gold reaching a high of $4034.5 per ounce and London gold at $4029.34 per ounce, both up over 1% [1] - Despite short-term fluctuations, the long-term fundamentals supporting gold prices remain intact, including the onset of a Fed rate cut cycle, challenges to the dollar credit system, and ongoing trends of "de-dollarization" [1] - The CEO of Money Metals Exchange noted that anticipated rate cuts will support gold, as lower interest rates benefit non-yielding assets like gold [1] Group 2: Shanghai Gold ETF Performance - As of October 28, the Shanghai Gold ETF (518600) has seen a net value increase of 42.86% over the past year, with a maximum monthly return of 11.46% since inception [2] - The Shanghai Gold ETF has attracted a total of 32.2 million yuan in the last five trading days, indicating strong capital inflow [2] - The ETF primarily invests in gold pricing contracts on the Shanghai Gold Exchange, aiming to provide returns closely aligned with gold price movements [2] Group 3: Market Sentiment and Analysis - Recent declines in gold prices are attributed to reduced risk aversion, as diplomatic signals between the US and China improve and regional conflict negotiations progress [2] - Analysts from招商证券 and国泰海通 maintain a positive long-term outlook on gold, emphasizing its dual monetary and financial attributes despite short-term volatility [3] - The Shanghai Gold ETF is highlighted as a convenient investment tool for gold, supporting T+0 trading and closely tracking gold prices [3]