资金逢黄金震荡回调布局，黄金基金ETF（518800）连续3日净流入超2亿元

Group 1 - The core viewpoint indicates that gold prices are expected to experience short-term fluctuations and corrections, influenced by factors such as central bank gold purchases slowing down and high implied volatility in the market [1] - Gold ETFs (518800) have seen a net inflow of over 200 million yuan for three consecutive days, suggesting increased investor interest in gold as a financial asset [1] - The new tax policy on gold may accelerate the concentration of investors towards exchange-traded channels, benefiting gold ETFs and other non-physical gold investment forms due to tax advantages [1] Group 2 - The short-term outlook for gold prices remains uncertain, with a slight rebound in the US dollar index, although the weak dollar trend continues [1] - The long-term perspective suggests that gold prices are likely to trend upwards, and investors are encouraged to consider participating in the market during subsequent corrections [1] - Direct investment in physical gold is highlighted as a favorable option, with the exemption of value-added tax and a circulation scale exceeding 25 billion yuan for gold ETFs (518800) [1]