金价震荡走强，黄金ETF华夏（518850）年内累计涨幅超62%，机构：明年金价将再创新高

Core Viewpoint - Gold prices are maintaining high volatility, with COMEX gold futures trading around $4542 per ounce, reflecting a daily increase of nearly 0.9% [1] Group 1: Gold Market Performance - Gold-related ETFs are showing strong performance, with the Huaxia Gold ETF (518850) up by 0.79% and a year-to-date increase of over 62% as of December 25 [1] - The Gold Stock ETF (159562) has risen by 1.97%, while the Non-ferrous Metals ETF (516650) has increased by 4.25% [1] Group 2: Economic and Policy Influences - U.S. President Trump stated that anyone who disagrees with him will never become the Federal Reserve Chairman, emphasizing his desire for the new chairman to lower interest rates in a favorable market environment [1] - According to a report from CITIC Securities, gold prices are expected to benefit from the liquidity easing atmosphere due to potential interest rate cuts by the Federal Reserve in 2026 [1] Group 3: Future Projections - The inflow into global gold ETFs is anticipated to be a significant buying force for gold, with ongoing risk aversion supporting gold prices [1] - Long-term trends such as de-dollarization and central bank gold purchases are expected to provide a solid foundation for rising gold prices, with projections indicating that gold could reach $5000 per ounce in 2026 [1]