现货黄金突破4050美元关口！多因素共同驱动金价上行，上海金ETF(518600)连续3日上涨，近21日累计“吸金”9.24亿元

Group 1 - The core viewpoint of the articles indicates that gold prices are experiencing a significant increase due to factors such as a weakening US dollar, government shutdown risks, and regional political tensions, with expectations for continued growth in the coming year [1][2] - As of November 10, 2025, spot gold prices rose over 1%, reaching a peak of $4056.85 per ounce, reflecting a strong market response [1] - The Shanghai Gold ETF (518600) has shown a notable performance, with a 1.07% increase on November 10, 2025, marking its third consecutive rise, and a cumulative increase of 17.09% over the past three months [1][2] Group 2 - The Shanghai Gold ETF has attracted significant capital inflow, with a total of 9.24 billion yuan over the past 21 trading days, indicating strong investor interest [2] - According to the China Gold Association, domestic gold ETF holdings increased by 164.03% year-on-year in the first three quarters of 2025, with a total holding of 193.749 tons by the end of September [2] - The long-term outlook for gold remains positive, driven by global liquidity expansion and preferences influenced by de-globalization risks, with ongoing fluctuations in gold prices primarily influenced by US-China trade relations and interest rate expectations [2]