黄金基金ETF（518800）连续5日净流入近9亿元，机构：中长期看黄金具备支撑

Core Viewpoint - Recent hawkish comments from multiple Federal Reserve officials have raised concerns about inflation, dampening expectations for interest rate cuts. The end of the U.S. government shutdown has reduced the short-term appeal of gold as a safe-haven asset, but ongoing macroeconomic uncertainties and geopolitical tensions may continue to drive demand for safe-haven investments like gold [1]. Group 1: Economic Environment - The U.S. government is facing multiple issues despite the end of the shutdown, contributing to macroeconomic uncertainty [1]. - Geopolitical tensions are likely to persist, which may stimulate safe-haven demand for gold [1]. Group 2: Gold Price Outlook - Short-term gold prices are expected to remain volatile, while the medium to long-term outlook suggests potential upward movement due to factors such as the Federal Reserve potentially starting a rate-cutting cycle, increasing uncertainty in overseas macroeconomic policies, and a global trend towards de-dollarization [1]. - Investors are advised to consider gradual accumulation of gold during price dips, with a focus on direct investment in physical gold and specific gold-related ETFs [1].