黄金股票ETF（517400）回调超3%，市场关注贵金属短期震荡与长期趋势，回调或可布局

Core Viewpoint - Precious metals and non-ferrous metals are showing strong performance in both international and domestic markets, driven by expectations of interest rate cuts by the Federal Reserve and a weakening dollar [1] Group 1: Market Performance - Internationally, the price of spot silver in London has significantly surged, while prices for non-ferrous metals such as copper and aluminum on the LME are also on the rise [1] - The domestic market reflects a similar trend, with a predominance of price increases in precious and non-ferrous metals [1] Group 2: Investment Outlook - In the medium to long term, the price of gold is expected to trend upwards, suggesting that investors may consider participating during subsequent pullbacks and gradually accumulating positions [1] - Direct investment in physical gold and tax-exempt gold ETFs (518800) are recommended, along with gold stock ETFs (517400) that cover the entire gold industry chain [1]