国际金价触及4200美元关口，黄金基金ETF（518800）涨超1.2%，资金持续净流入

Core Viewpoint - International gold prices are rising due to market expectations that the U.S. government will soon end its shutdown and will re-release economic data, which is likely to reflect economic weakness, thereby enhancing the Federal Reserve's interest rate cut expectations next month, positively impacting gold prices [1] Group 1: Market Trends - Gold ETF (518800) opened with a rise of over 1.2%, attracting over 600 million yuan in investments for four consecutive days [1] - The People's Bank of China continues to buy gold, with gold reserves reported at 74.09 million ounces (approximately 2304.457 tons) at the end of October, an increase of 30,000 ounces (approximately 0.93 tons) month-on-month, marking the 12th consecutive month of gold accumulation [1] Group 2: Long-term Outlook - In the medium to long term, the initiation of a rate cut cycle by the Federal Reserve, increasing uncertainty in overseas macro policies, and the global trend of "de-dollarization" continue to support gold prices, with the long-term logic remaining unchanged [1] - Investors interested in gold can consider gradually accumulating positions in gold ETF (518800), which closely tracks gold price movements and offers good liquidity for T+0 trading [1]