央行连续12个月增持黄金，金ETF(159834)涨1%，机构继续看好金价

Core Viewpoint - Gold prices have continued to rise, reaching $4040 per ounce, driven by ongoing demand for safe-haven assets amid economic uncertainties and geopolitical tensions [1] Group 1: Market Performance - Spot gold increased by 0.97% and New York futures rose by 1.01% in the Asian trading session [1] - Gold ETFs (159834) saw a rise of 1.07%, with a year-to-date increase of 49.86% [1] - The Southern CSI Hong Kong-Shenzhen Gold Industry Stock Index A (021958) has experienced a remarkable year-to-date increase of 73% [1] Group 2: Economic Indicators - Weak employment data, including the ISM Manufacturing PMI and Challenger Job Cuts, along with low consumer confidence, have contributed to sustained demand for gold as a safe haven [1] - The ongoing government shutdown has further influenced the market dynamics, reinforcing the appeal of gold [1] Group 3: Central Bank Actions - The People's Bank of China increased its gold reserves by 30,000 ounces at the end of October, marking the 12th consecutive month of gold accumulation [1] Group 4: Market Analysis - According to AJ Bell's investment director, gold is currently in its third major bull market since 1971, with previous bull markets experiencing significant corrections [1] - Factors such as government debt, geopolitical issues, the strength of the dollar, and inflation are expected to drive gold prices higher in the current cycle [1] Group 5: Investment Products - Gold ETFs closely track the spot prices of gold on the Shanghai Gold Exchange, offering high transparency and liquidity, supporting T+0 intraday trading [1] - The Southern CSI Hong Kong-Shenzhen Gold Industry Stock Index A (021958) closely follows the gold industry index, covering listed companies involved in gold exploration, mining, processing, and sales across the Hong Kong and Shenzhen markets [1]