Group 1 - The core viewpoint of the articles highlights the recent rebound in spot gold prices, with London spot gold recovering above $4000 per ounce, currently at $4012.14 per ounce as of October 31 [1] - The gold ETF fund (518660) has seen significant growth, with the latest scale at 5.281 billion yuan and shares increasing by 439 million to a total of 609 million, representing a growth rate of 257.62% since the beginning of the year [1] - The management and custody fees for the gold ETF fund are among the lowest in the market at 0.15% and 0.05% respectively, which helps reduce holding costs for investors [1] Group 2 - Investors can participate in gold investments through linked funds with a combined management and custody fee of only 0.2%, also among the lowest in the market [2] - The recent decision by the Federal Reserve to lower the federal funds rate by 25 basis points to a range of 3.75% to 4% is expected to support gold prices by lowering the dollar and real interest rates [2] - The ongoing trend of de-dollarization, geopolitical risks, and the need for diversified investment portfolios are driving global central banks and institutional investors to increase their allocation to gold, providing structural support for gold prices [2]

Group 1 - On September 16, the spot gold price surpassed $3,700 per ounce, reaching a new historical high [1] - The gold ETF (518660) attracted over 86 million yuan in net inflows over three of the last five trading days, indicating strong investor interest [1] - The current circulation scale of the gold ETF (518660) is 3.632 billion yuan, with a circulation share of 453 million, reflecting a growth rate of 165.81% since the beginning of the year [1] Group 2 - East Wu Securities suggests that the Federal Reserve's focus on the labor market and mild commodity inflation will not alter its rate-cutting path, which may benefit precious metals [2] - Shanghai Securities believes that the long-term logic for gold's price increase remains intact, driven by global de-dollarization and the Fed entering a rate-cutting cycle [2]

Group 1 - The current spot gold price has surpassed $3,370 per ounce, with active trading in SGE gold 9999 and significant attention on the lowest fee gold ETF fund (518660) [1] - The gold ETF fund (518660) has shown a notable "capital absorption" effect, with a net inflow of over 98 million yuan in the past five days, and a total circulation scale of 3.59 billion yuan as of August 6 [1] - Year-to-date, the gold ETF fund (518660) has experienced a share growth rate of 182%, ranking first among products tracking SGE gold 9999 [1] Group 2 - Huatai Futures indicates that the focus on precious metals is currently centered around expectations and timing of Federal Reserve interest rate cuts, which may provide strong support for gold prices [2] - Following the disappointing U.S. non-farm payroll data, there is a renewed market focus on U.S. economic performance data, which could accelerate the Fed's shift to a more accommodative monetary policy [2] - Long-term concerns regarding global debt and monetary policy may benefit gold, with the passage of the "Big and Beautiful" bill expected to increase the U.S. fiscal deficit by $3.4 trillion, positively impacting gold prices and enhancing profit expectations for gold resource stocks [2]