ETF盘中资讯｜新新新高！金价冲击5000美元，有色ETF华宝（159876）盘中拉升2%，冲击5连阳！获资金实时净申购4620万份！

Core Viewpoint - The colored metal industry is experiencing a significant upward trend, with the Huabao ETF (159876) seeing a price increase of over 2% in intraday trading, reflecting strong market interest and substantial capital inflow [1][4]. Group 1: Market Performance - The Huabao ETF has recorded a net subscription of 46.2 million units in real-time, accumulating 844 million yuan over the past 20 days [1]. - The ETF's latest scale reached 1.775 billion yuan, setting a new historical high [4]. - Key stocks in the sector, such as Baiyin Colored Metals and Hunan Daily, have seen price increases of 9.23% and 7.20%, respectively [2][5]. Group 2: Geopolitical and Economic Factors - Rising geopolitical uncertainties and ongoing gold purchases by central banks are expected to support long-term gold price stability [3]. - Goldman Sachs has significantly raised its gold price forecast for the end of 2026 to $5,400 per ounce, driven by increased demand from private investors and central banks [3]. - The global geopolitical landscape is likely to reshape the metal supply chain, enhancing the demand and value of strategic metals like copper, tungsten, and rare earths [4]. Group 3: Industry Trends - The silver market is experiencing a transformation due to high prices, leading to a shift towards copper as a more cost-effective alternative in photovoltaic applications [3]. - The Huabao ETF covers a wide range of metals, including copper, aluminum, gold, and lithium, allowing it to capture various market cycles effectively [7]. - The macroeconomic environment is expected to improve by 2026, potentially leading to a more favorable market for colored metals [4].