Core Viewpoint - The recent strengthening of the US dollar index has led to a decline in international gold prices, with spot and futures prices dropping to around $4070 [1] Group 1: Market Performance - As of 14:25, gold-related ETFs showed weakness, with 华夏黄金ETF (518850) down 0.58%, 有色金属ETF基金 (516650) down 0.87%, and 黄金股ETF (159562) down 0.94% [1] - The 华夏黄金ETF (518850) has seen significant capital inflow, accumulating over 983 million yuan in net inflows from October 30 to November 19 over 15 trading days [1] Group 2: Economic Indicators - The recent decline in gold prices is attributed to hawkish comments from multiple Federal Reserve officials, which have reduced market expectations for interest rate cuts [1] - The upcoming release of the September US non-farm payroll data and subsequent economic indicators will directly impact market expectations for Federal Reserve policy, influencing the short-term trend of precious metals [1] Group 3: Long-term Outlook - Despite short-term uncertainties regarding the prospects for interest rate cuts in December, central bank gold purchases and increasing investment demand are expected to support a long-term upward trend in precious metal prices [1] - Short-term market adjustments may continue, with a focus on the 60-day moving average for potential rebounds [1]
今晚美国非农就业等数据成贵金属短期走势关键，黄金ETF华夏(518850)连续15日“吸金”累计超9.83亿元
2 1 Shi Ji Jing Ji Bao Dao·2025-11-20 07:05