易方达黄金ETF联接：地缘格局下的避险配置窗口

Core Viewpoint - The international gold market continues its strong performance, with COMEX gold futures prices surpassing $4,700 per ounce, driven by escalating geopolitical risks and expectations of monetary policy changes [1][2] Group 1: Market Performance - COMEX gold futures prices increased by 2.28%, reaching a historical high [1] - Spot gold closed at $4,692.9 per ounce, contributing to the overall activity in the A-share gold sector [1] - The recent surge in gold prices is attributed to heightened geopolitical risks and expectations of interest rate cuts by the Federal Reserve [1] Group 2: Geopolitical and Economic Factors - President Trump's announcement of a 200% tariff on French wine and champagne, along with threats of additional tariffs on several European countries, has raised concerns about deteriorating transatlantic trade relations [1] - The ongoing trade protectionism under the Trump administration has increased global uncertainty, further supporting gold prices [2] - Central banks globally have increased their gold reserves for 14 consecutive months, with over 1,200 tons purchased in 2025, providing long-term support for gold prices [2] Group 3: Investment Opportunities - The E Fund Gold ETF offers a convenient tool for investors to gain exposure to gold assets, closely tracking the Shanghai Gold Exchange Au99.99 spot contract prices [1] - The E Fund Gold ETF has a current scale of 38.923 billion yuan, making it one of the largest gold ETFs in the Asian market [1] - The fund has shown strong performance, with a net value increase of 2.14% over the past week and a year-to-date return of 7.23% [1]