Core Viewpoint - The Chinese government's policy towards gold trading is to encourage market-oriented practices, aiming to enhance transparency and regulatory efficiency in the gold market [1] Policy Intentions - The recent gold tax policy is designed to guide gold trading towards on-market transactions, making trading more standardized and centralized [1] - The policy aims to improve the transparency of gold trading and the effectiveness of regulation [1] - It seeks to strengthen the mechanism for diverting gold investment and consumption demand [1] Market Outlook - In the medium to long term, the central price of gold is expected to rise, suggesting that investors may consider participating in subsequent pullbacks and gradually accumulating positions [1] - Direct investment in physical gold is encouraged, as it is exempt from value-added tax [1] - The gold ETF (518800) has a circulation scale exceeding 250 billion, and the gold stock ETF (517400) covers stocks across the entire gold industry chain [1]
资金持续布局黄金，黄金基金ETF（518800）飘红，近20日净流入超44亿元
Mei Ri Jing Ji Xin Wen·2025-11-07 01:54