黄金收评| 黄金新规实施，金价探底回升，黄金ETF华夏（518850）强势收涨

Core Points - A-shares opened lower but turned positive, while COMEX gold futures saw a rebound after hitting a low of $3971, closing above $4025 per ounce, with a daily fluctuation exceeding $54 [1] - The Ministry of Finance and the State Administration of Taxation announced new tax policies regarding gold, effective from November 1, 2025, which may increase the holding costs for investment-grade physical gold [1] - Some merchants have quickly removed gold bar products from sale in response to the new tax policy [1] - For ordinary investors, purchasing physical gold bars through non-exchange channels will incur a value-added tax, which will be passed on to buyers [1] - Gold ETFs that track Shanghai gold spot prices will continue to enjoy tax benefits, potentially attracting more investors to physical gold [1] - The management fee for the Huaxia Gold ETF (518850) and Gold Stock ETF (159562) is 0.2%, which is among the lowest in the sector, facilitating lower-cost participation in the gold market [1]