现货黄金触及4960美元，黄金基金ETF（518800）涨超2.7%，近20日资金净流入超27亿元

Core Viewpoint - Gold prices are experiencing a steady upward trend, driven by unresolved U.S. debt issues and weakening dollar credibility, with increasing central bank gold purchases and investment demand for gold [1] Group 1: Market Trends - The macroeconomic uncertainties abroad continue to amplify gold's safe-haven attributes in the medium term [1] - The long-term trend indicates that since Trump's administration, the weakening of dollar credibility has become increasingly evident, enhancing gold's monetary properties [1] Group 2: Investment Recommendations - In the medium to long term, gold prices are expected to rise further, suggesting that investors may consider participating during subsequent pullbacks and gradually accumulating positions [1] - Direct investment in physical gold and tax-exempt gold ETFs (518800) as well as gold stock ETFs covering the entire gold industry chain (517400) are recommended for investors [1]