美政府停摆破记录，避险情绪升温，黄金ETF基金(159937)震荡走强，机构坚定看好金价上行趋势

Group 1 - The core viewpoint of the news highlights the rising trend of gold ETFs, driven by increased risk aversion due to the prolonged U.S. government shutdown, which has reached a record 36 days, impacting economic forecasts negatively [1][2] - As of November 5, 2025, the gold ETF fund has seen a 4.10% increase over the past month, with a trading volume of 6.51 billion yuan and a turnover rate of 1.76% [1] - The COMEX gold futures price rose by 0.75% to 3990.40 USD per ounce, reflecting market reactions to the ongoing government shutdown and its potential economic impacts [1] Group 2 - Historical analysis indicates that gold prices are closely linked to geopolitical tensions and economic conditions, with upward movements typically associated with geopolitical chaos and weak U.S. economic performance [2] - Current risks to gold prices, such as a recovering U.S. economy or a hawkish Federal Reserve, are not significantly present at this time, suggesting a favorable environment for gold [2] - The long-term outlook for gold remains positive due to ongoing global liquidity expansion and increased preference for gold as a safe-haven asset, with expectations of continued price increases driven by multiple factors [2] Group 3 - Recent data shows that the gold ETF fund experienced a net outflow of 46.82 million yuan, but over the past 20 trading days, there were 11 days of net inflow totaling 5.099 billion yuan, indicating a strong interest in gold investments [2]