注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 黄金股票ETF（517400）跟踪的是SSH黄金股票指数（931238），该指数从市场中选取市值较大且业务 涉及黄金采掘、冶炼及销售的上市公司证券作为指数样本，涵盖黄金产业链上中下游。指数成分股主要 集中于贵金属和工业金属行业，具有较高的行业集中度，能够综合反映黄金产业相关上市证券的整体表 现。 相关机构表示，短周期看，金价少有在降息周期初期见顶，当前仍然处于降息周期前期阶段。 中长期看，本轮行情的驱动"美联储开启降息周期+海外宏观政策不确定性加剧+全球去美元化趋势"对 于金价构成支撑，或可考虑逢低分批布局。 ...

Market Overview - The US stock market experienced a collective decline, with major indices falling due to concerns over loan issues at regional banks, leading to a nearly 7% drop in the regional bank index and a market capitalization loss of over $100 billion among the 74 largest banks in the US [1] - The VIX index, known as the "Wall Street Fear Index," surged to its highest closing level since April 24 [3] Cryptocurrency Market - The cryptocurrency market faced significant turmoil, with Bitcoin's price dropping below $109,000 and approximately 210,000 individuals experiencing liquidation, amounting to $733 million in losses [5] - A notable incident occurred when Paxos mistakenly minted 300 trillion PayPal stablecoins (PYUSD) instead of 300 million, causing temporary disruption in the decentralized finance market [8] Gold Market - Gold prices continued to rise, reaching $4,380 per ounce on October 17, with institutions warning about the volatility in international precious metal prices [10][13] - Despite the bullish outlook for gold, experts advise against blindly chasing high prices, recommending a strategy of regular investment and buying on dips for ordinary investors [14]

Core Viewpoint - The article highlights the significant rise in gold prices, with both London gold and COMEX gold reaching historical highs, driven by various macroeconomic factors and trends in the market [1]. Group 1: Gold Price Surge - On September 3, London gold reached a peak of $3546.9 per ounce, surpassing the critical $3500 level, while COMEX gold hit $3616.9 per ounce, marking a historical high [1]. - The surge in gold prices has led to a corresponding increase in gold-related ETFs, with 13 commodity gold ETFs and 4 stock gold ETFs reported in the market [1]. Group 2: ETF Performance - As of September 3, all gold ETFs have shown an annual return of approximately 30%, while gold stock ETFs have exceeded 60%, with the highest performer, Yongying Gold Stock ETF, rising about 69% year-to-date [1]. Group 3: Future Outlook - Several fund companies anticipate that factors such as the Federal Reserve's potential interest rate cuts, increasing uncertainty in overseas macro policies, and the global trend of de-dollarization will provide support for gold prices in the medium to long term [1]. - However, there is a caution regarding the impact of stablecoin development on the credibility of the US dollar, which could influence gold prices [1].

Core Viewpoint - Gold prices have reached historical highs, with spot gold hitting $3546.9 per ounce and COMEX gold touching $3616.9 per ounce, driven by various macroeconomic factors [1] Group 1: Gold Price Movement - On September 3, spot gold prices reached $3546.9 per ounce, surpassing the critical $3500 level [1] - COMEX gold also hit a record high of $3616.9 per ounce during the same trading session [1] Group 2: ETF Performance - As gold prices surged, gold-related ETFs have seen significant gains, with 13 commodity gold ETFs and 4 stock gold ETFs in the market [1] - Year-to-date returns for gold ETFs are approximately 30%, while gold stock ETFs have exceeded 60% returns [1] - The highest-performing ETF, Yongying Gold Stock ETF, has increased by about 69% year-to-date [1] Group 3: Future Outlook - Several fund companies anticipate that factors such as the Federal Reserve's potential interest rate cuts, increased macroeconomic uncertainty overseas, and the global trend of de-dollarization will support gold prices in the medium to long term [1] - There is a cautionary note regarding the impact of stablecoin development on the credit of the US dollar [1]