金价盘中回落，有色金属ETF基金(516650)近涨幅收窄至0.73%

Core Viewpoint - Gold prices and A-share indices experienced a decline, with related ETF products weakening, indicating a potential shift in market sentiment towards gold and precious metals [1] Group 1: Market Performance - As of 13:52, the performance of various ETFs showed mixed results, with the non-ferrous metals ETF (516650) narrowing its gains to 0.73%, the gold stock ETF (159562) rising by 0.53%, and the gold ETF Huaxia (518850) turning negative with a decline of 0.19% [1] - Over the past nine trading days, the non-ferrous metals ETF has seen inflows in eight of those days, accumulating a total of 357 million yuan [1] Group 2: Economic Analysis - Short-term economic data from the U.S. is not expected to hinder the Federal Reserve's potential for future interest rate cuts, which may be influenced by political factors in 2026, potentially benefiting gold prices [1] - Global demand for ETFs is rapidly increasing and still has growth potential, while jewelry demand is subdued but not significantly impactful; industrial demand remains stable, and central banks continue to have long-term gold purchasing capacity [1] Group 3: Investment Outlook - The current geopolitical tensions are driving short-term demand for safe-haven assets, while long-term concerns regarding U.S. debt risks may diminish the attractiveness of the U.S. dollar and Treasury bonds, thereby enhancing gold's appeal as a safe-haven and inflation hedge [1] - Overall, gold prices are expected to have upward momentum, and gold companies' performance is likely to benefit from rising gold prices [1]