黄金基金ETF（518800）涨超0.7%，近10日净流入超16亿元，地缘政治风险上升推动金价

Core Viewpoint - The recent rise in geopolitical risks has led to an increase in gold prices, with the gold ETF (518800) rising over 0.7% and a net inflow of over 1.6 billion yuan in the past 10 days [1]. Geopolitical Risks - Multiple regions are experiencing heightened geopolitical risks, which have increased the risk premium for gold [1]. - Investment institutions are engaging in "Donroe trade," anticipating that U.S. international interventions may extend beyond Venezuela to Colombia, Cuba, and Greenland, prompting early trading in related financial products [1]. Gold Price Outlook - In the medium to long term, the central price of gold is expected to rise, suggesting that investors may consider participating in future pullbacks and gradually accumulating positions [1]. - Direct investment in physical gold and tax-exempt gold ETF (518800) are recommended, along with gold stock ETF (517400) that covers the entire gold industry chain [1].