来源：智通财经 截至2025年9月17日 10:22，黄金ETF基金(159937)下跌0.57%，最新报价7.97元。拉长时间看，截至2025年9月16日，黄金ETF基金近1周累计上涨0.73%。 流动性方面，黄金ETF基金盘中换手2.2%，成交6.32亿元。拉长时间看，截至9月16日，黄金ETF基金近1周日均成交7.85亿元，居可比基金前2。 北京时间周四凌晨2:00，美联储将公布利率决议，美联储主席将于北京时间周四凌晨2:30出席新闻发布会 据报道，周二（9月16日），现货黄金价格首次突破每盎司3700美元大关，盘中触及3702.93美元的历史峰值，最终收于3689.60美元。这一里程碑式的上涨并 非偶然，而是市场对美联储降息预期的直接反应，美元指数暴跌，叠加地缘政治风险、央行购金热潮和美元疲软等多重因素的共振结果。周三亚市早盘现货 黄金高位震荡，目前交投于3691.23美元/盎司。 消息面上，美国经济走弱迹象逐渐清晰。美国2025年度非农就业初步基准修正大幅下调91.1万人，显著低于预期的下调70万人，前值为下调59.8万人。此 外，虽然官方失业率仅有4.3%，但若统计目前从事兼职（part-time ...

Core Viewpoint - The market is experiencing a significant rise in gold prices driven by expectations of interest rate cuts by the Federal Reserve, geopolitical tensions, and strong demand for safe-haven assets [3][4]. Group 1: Market Performance - As of September 16, 2025, the gold ETF fund (159937) increased by 0.95%, with a latest price of 7.99 yuan [2]. - Over the past week, the gold ETF fund has accumulated a rise of 1.06% [2]. - The fund's liquidity showed a turnover of 0.04% during the trading session, with a transaction volume of 10.7493 million yuan [2]. - The average daily transaction volume over the past week reached 936 million yuan, ranking it among the top two comparable funds [2]. Group 2: Economic Indicators - The Federal Reserve is expected to initiate a new round of interest rate cuts during its meeting on September 16-17 [3]. - Recent U.S. economic data has shown continued weakness, with the unemployment rate rising to 4.3%, the highest in nearly four years, and a significant drop in the New York Fed manufacturing index [3]. - These economic indicators have reinforced market expectations for multiple interest rate cuts by the Federal Reserve [3]. Group 3: Gold Price Dynamics - Gold prices have reached historical highs, with spot gold surpassing $3,680 per ounce and the main gold futures contract at 3,722.500 yuan per kilogram [3]. - The overall market sentiment remains strong for gold, supported by low U.S. Treasury yields, a weakening dollar, and ongoing geopolitical risks [4]. - The current environment is characterized by a combination of interest rate cut expectations, safe-haven demand, and diversification in asset allocation, which is likely to sustain the upward trend in gold prices [4]. Group 4: Fund Inflows - The gold ETF fund has seen a net inflow of 21.3751 million yuan recently, with four out of the last five trading days showing net inflows totaling 63.7851 million yuan [5]. - The average daily net inflow over this period was 12.7570 million yuan [5].