黄金收评丨黄金ETF连续五周资金流入，金价强势突破4440美元关口

Core Viewpoint - Gold prices have surged to historical highs due to heightened geopolitical tensions and increasing market expectations for interest rate cuts, with intraday fluctuations nearing $80 [1] Group 1: Market Performance - As of the close of A-shares, COMEX gold futures traded around $4,443 per ounce [1] - The China Gold ETF (518850) rose by 2.08%, while the Gold Stock ETF (159562) increased by 3.78%, and the Nonferrous Metals ETF (516650) gained 2.55% [1] Group 2: Economic Indicators - The U.S. is set to release Q3 GDP and revised PCE data for July to September, which may indicate a significant easing of inflation [1] - Weakening indicators in the U.S. labor market could increase the likelihood of the Federal Reserve cutting interest rates, supporting a long-term upward trend in precious metals [1] Group 3: Investment Trends - Bloomberg data shows that gold ETFs have recorded inflows for five consecutive weeks [1] - According to Zhengxin Futures, the establishment of a Fed rate cut cycle and a decline in dollar credibility will provide support for gold prices [1] - Continued demand from central bank gold purchases, industrial silver consumption, and sustained inflows into ETFs indicate a persistent supply-demand gap, suggesting that precious metals will continue to rise [1]