现货黄金首次站上4400美元关口，矿业ETF（561330）涨超2.5%

Group 1 - The core point of the news is that spot gold has reached a historic high of $4,400 per ounce, marking a year-to-date increase of nearly 68% [3]. - The mining ETF (561330) has risen over 2% on December 22 and has a year-to-date increase of nearly 90% [1]. Group 2 - The U.S. Bureau of Labor Statistics reported that non-farm payrolls increased by 64,000 in November, exceeding expectations of 45,000, while the unemployment rate rose from 4.4% in September to 4.6% in November [5]. - Goldman Sachs believes that emerging market central banks will continue to buy gold to diversify reserve risks, driven by geopolitical tensions and macroeconomic factors, contributing to the rise in gold prices [9]. Group 3 - The mining ETF (561330) outperformed the CSI Nonferrous Metals Index by over 10% year-to-date, attributed to a more concentrated selection of leading stocks [10]. - The CSI Nonferrous Metals Mining Index has a higher proportion of gold, copper, and rare earths at 53.4%, compared to 49.5% in the CSI Nonferrous Index, indicating a stronger response to favorable catalysts in these sectors [12]. Group 4 - The supply constraints in the nonferrous mining industry are seen as a fundamental driver for the market, with low inventory levels and increased demand from manufacturing recovery and energy transition investments [18]. - Citic Securities projects that prices for copper and cobalt will continue to rise due to supply tightness, while lithium prices are expected to benefit from unexpected increases in storage demand [18]. - The mining ETF (561330) currently has a scale of 908 million yuan, ranking first among similar index ETFs, indicating superior liquidity and investment opportunities in gold, copper, and rare earths [19].