黄金基金ETF（518800）近10日净流入超14亿元，机构：长期趋势支撑金价

Core Viewpoint - The expectation of interest rate cuts has led to a continuous pullback in precious metals, but a bottom has been established, awaiting new upward catalysts [1] Group 1: Market Conditions - Overall volatility in precious metals has significantly decreased, with London silver spot prices returning to a premium over Comex futures, indicating ongoing tightness in the physical market [1] - Precious metals are currently in a bottom consolidation phase, but the main downtrend has passed, and the overall macro framework remains favorable for long positions [1] Group 2: Investment Strategy - In the medium to long term, the price center of gold is expected to rise, and investors may consider participating in future pullbacks and gradually accumulating positions [1] - Attention is drawn to direct investments in physical gold, tax-exempt gold ETFs (518800), and gold stock ETFs (517400) that cover the entire gold industry chain [1]