黄金，历史新纪录！有色ETF华宝（159876）量价齐升，续刷上市新高！近10日狂揽3.31亿元！

Group 1 - The core viewpoint of the news highlights the strong performance of the Huabao Nonferrous ETF (159876), which reached a historical high with a trading volume exceeding 1.06 billion yuan, indicating a bullish market sentiment [1] - The ETF has seen a net subscription of 24 million units in real-time, accumulating 331 million yuan over the past 10 days, suggesting significant investor interest [1] - Key constituent stocks such as Zhong Rare Earth and Western Superconducting have shown substantial gains, with Zhong Rare Earth hitting the daily limit and Western Superconducting rising over 14% [1] Group 2 - On January 12, spot gold prices surged, breaking the historical record set on December 29, 2025, reaching 4601.38 USD/oz, with a 1.42% increase to 4572.87 USD/oz [3] - Global geopolitical risks are escalating, particularly tensions between Iran and the U.S., which are contributing to strong demand for precious metals as safe-haven assets [3] - The World Gold Council anticipates that ongoing geopolitical uncertainties will continue to influence the gold market, with potential for moderate price increases or strong gains depending on economic conditions [3] Group 3 - Xiangcai Securities notes that the U.S. faces recession pressures, with high sovereign debt and trade deficits undermining the dollar's credibility, leading to increased focus on gold as a universal asset [4] - As gold prices rise, the supply-demand dynamics for commodities like copper may be re-evaluated, potentially leading to increased valuations for non-ferrous metals [4] Group 4 - The Huabao Nonferrous ETF and its linked funds cover a wide range of sectors including copper, aluminum, gold, rare earths, and lithium, allowing for better exposure to various market cycles [5] - This comprehensive coverage positions the ETF to capitalize on the ongoing "super cycle" in the non-ferrous metals sector [5]