鹰派降息，金价冲高回落，高盛：金价有望升至4900美元

Core Viewpoint - The Federal Reserve's hawkish stance on interest rates has led to a decline in gold prices, with COMEX gold futures trading around $4,241 per ounce as of the close of A-shares [1] Group 1: Market Performance - Gold ETFs, such as Huaxia (518850), saw a slight increase of 0.17%, while the gold stock ETF (159562) remained flat, and the non-ferrous metal ETF (516650) decreased by 0.52% [1] Group 2: Investment Insights - Goldman Sachs reports that U.S. gold ETFs currently represent only 0.17% of private non-cash financial investment portfolios, down approximately 6 basis points from the peak level in 2012 [1] - This allocation is significantly lower than the mid-to-high single-digit percentage allocations recommended by institutions like Citigroup, UBS, and Bridgewater [1] - Goldman Sachs estimates that for every 1 basis point increase in gold's share within the financial investment portfolio—driven by incremental purchases rather than price increases—gold prices could rise by approximately 1.4% [1] - Analysts suggest that if diversification flows extend from central banks to private investors, the $4,900 gold price target faces "significant upside risk" [1]