黄金类ETF连续反弹4000美元关口资金逢低流入

Core Viewpoint - The recent adjustments in gold and gold stocks are primarily due to a temporary easing of risk aversion, leading to some profit-taking, but the long-term bullish logic for gold remains unchanged [2][4] Group 1: Market Performance - After a significant rise since August, COMEX gold peaked at $4,398 per ounce in late October and has since consolidated around the $4,000 mark, closing at $4,007.8 on November 7, with a slight increase of 0.42% [2] - As of November 7, domestic gold ETFs have seen a total net subscription of 27.3 million shares in November, with the largest being Huaan Gold ETF, which gained 6.97 million shares [3] Group 2: Investment Trends - Several funds have begun recommending gold ETFs, with a notable allocation of 15% to Huaan Gold ETF by a wealth management product, reflecting a strategic shift towards gold amid increased market volatility [4] - The fund managers believe that the recent gold price adjustments are indicative of a temporary easing of geopolitical risks, and they anticipate a new cycle for gold driven by its monetary attributes in response to dollar credit issues [4] Group 3: Tax Implications and Investment Strategy - The recent tax changes on gold do not directly affect gold prices but increase the transaction costs for physical gold, while gold ETFs remain unaffected as they do not involve physical delivery [5] - It is recommended to adopt a dollar-cost averaging strategy for long-term investments in gold ETFs, with a suggested allocation of 5% to 15% of total assets [5]