黄金基金ETF（518800）连续5日净流入超12亿元，规模突破300亿元，市场关注黄金长期配置逻辑

Group 1 - The core viewpoint is that the gold ETF (518800) has seen a net inflow of over 1.2 billion yuan for five consecutive days, surpassing a total scale of 30 billion yuan, indicating strong market interest in long-term gold allocation logic [1] - Everbright Securities remains optimistic about overseas demand for gold ETFs during the interest rate cut cycle, citing a long-term weakening of the US dollar's credit and ongoing central bank gold purchases as supportive factors for rising gold prices [1] - The current geopolitical tensions, a weak dollar, and loose liquidity have initiated a trend of rising precious metals, with significant volatility due to deleveraging trades; however, a long-term supply-demand balance and a weak dollar are expected to provide price support [1] Group 2 - In the medium to long term, gold prices are expected to rise, and investors are advised to consider participating in future pullbacks and gradually accumulating positions [1] - Direct investment in physical gold and tax-exempt gold ETF (518800) as well as gold stock ETF (517400) covering the entire gold industry chain are highlighted as potential investment options [1]