Core Viewpoint - The A-share market opened weakly, while spot gold approached the $4,200 per ounce mark, with gold stocks rising and the gold ETF (159834) increasing by 0.82%, expanding its year-to-date gain to 53.36% [1] Group 1: Gold Market Dynamics - Spot gold has rebounded over 2% this week after a decline of more than 5% since its peak on October 20, supported by indications of a potential interest rate cut by the Federal Reserve [1] - The probability of a 25 basis point rate cut in December exceeds 80%, which typically benefits gold assets [1] - Factors supporting the rise in gold prices include challenges to the dollar's credit system, a 44% average annual growth in central bank gold purchases from 2020 to 2024, and the ineffectiveness of the real interest rate pricing framework in a high inflation environment [1] Group 2: Gold ETF Performance - The latest scale of the gold ETF (159834) is 1.282 billion yuan, an increase of 802 million yuan since the beginning of the year, representing a growth rate of over 160% [2] - The ETF closely tracks the spot price of gold contracts on the Shanghai Gold Exchange, offering high transparency and liquidity, and supports T+0 intraday trading [2]
金价逼近4200美元关口，可T+0交易的金ETF(159834)本周涨近3%
Sou Hu Cai Jing·2025-11-28 02:27