“去美元化”浪潮下，黄金长期配置价值提升，黄金ETF博时(159937)连续12日“吸金”合计超41亿元

Core Viewpoint - The recent surge in gold prices is driven by geopolitical uncertainties, leading to increased demand for gold as a safe-haven asset [3][4]. Group 1: Gold ETF Performance - The Bosera Gold ETF (159937) has risen by 5.63%, marking five consecutive days of gains, with the latest price at 11.89 yuan [3]. - Over the past week, the Bosera Gold ETF has accumulated an 8.62% increase [3]. - The ETF's trading volume reached 25.17 billion yuan, with a turnover rate of 4.39% [3]. Group 2: Market Dynamics - Geopolitical tensions and trade disputes have heightened market fears, causing a shift in investor preference away from risk assets [3]. - The World Gold Council has indicated that gold is currently the preferred safe-haven asset, with a sustained risk premium supporting higher gold prices [3]. - Experts suggest that the trend of "de-dollarization" has solidified a bullish outlook for gold [3]. Group 3: Central Bank Actions - The expectation of continued interest rate cuts by the Federal Reserve, along with increasing geopolitical tensions and weakening dollar credibility, is expected to boost safe-haven demand [4]. - Global central banks are increasing their gold reserves as a substitute for foreign exchange reserves, which, combined with a recovery in gold ETF inflows, will provide strong support for gold prices [4]. Group 4: Fund Inflows - The Bosera Gold ETF has reached a new high of 4.826 billion shares, the highest in nearly a year [4]. - Over the past 12 days, the ETF has seen continuous net inflows, with a peak single-day net inflow of 770 million yuan, totaling 4.193 billion yuan in net inflows [4].