截至8月29日，有色金属ETF(512400)最新规模达88.88亿元，创成立以来新高。有色金属ETF(512400)最 新资金净流入1.12亿元，近5个交易日合计净流入10.16亿元。 高盛预计到2025年底，金价将升至每盎司3700美元；到2026年中期，金价将进一步攀升至每盎司4000美 元。东方证券指出，金价新催化剂已来袭，资金或重新回流，看好黄金板块的投资空间。4月以来黄金 在高位震荡，政治政策风险使得资金流向白银、钯、铜等金属，但美联储释放的降息信号或将成为金价 的新催化剂，使得资金重新回流黄金，持续看好金价的上涨空间。 2025年9月1日，COMEX黄金期货价格持续拉升，一度涨至3552美元/盎司，刷新历史新高！截至午间收 盘，金ETF(159834)一度涨超2%，冲击6连涨，换手18.58%，成交1.73亿元放量明显，市场交投活跃。 中信建投证券指出，美联储青睐的通胀指标核心PCE温和上涨，稳定了市场对美联储在9月议息会议降 息的预期，特朗普解雇美联储理事库克的事件持续发酵，严重威胁着美联储独立性，美元走弱，激发黄 金货币属性与铜的金融属性，商品价格突破前高在即，打开权益标的上行空间。有色板块 ...

截至2025年8月29日 10:13，有色金属ETF(512400)上涨2.43%，成交2.18亿元。跟踪指数中证申万有色金 属指数强势上涨2.56%，成分股中国稀土上涨10.00%，江西铜业上涨8.17%，盛和资源上涨7.27%，北方 铜业，藏格矿业等个股跟涨。 拉长时间看，截至8月28日，有色金属ETF(512400)最新规模达85.43亿元，创成立以来新高。有色金属 ETF(512400)最新份额达59.37亿份，创近1年新高。 资金流入方面，有色金属ETF(512400)近5个交易日内有4日资金净流入，合计净流入9.79亿元。 紫金矿业今年上半年主要业绩指标均创历史新高。公司实现营业收入1677.11亿元，同比增长11.5%；归 属于上市公司股东的净利润232.92亿元，同比大幅增长54.41%，业绩创历史同期新高。公司整体矿产品 毛利率较去年同期提升3个百分点至60.23%，盈利能力显著增强。 银河证券指出，美联储降息预期的升温，将驱动历史上以美联储政策利率作为增减持黄金指引的全球黄 金ETF基金加速购买黄金，推动金价的上涨。 日前，三部门联合公布《稀土开采和稀土冶炼分离总量调控管理暂行办法》。管理 ...

Core Viewpoint - The article highlights the significant rise in precious metals, particularly platinum and silver, with various institutions raising their price forecasts due to increased investment demand and tightening physical supply [2][4][5]. Group 1: Precious Metals Performance - Platinum has seen a price increase of over 57% this year, while silver has risen by 30%, both reaching multi-year highs [2][4]. - The performance of palladium and copper has also been notable, with increases of over 36% and 36% respectively, while gold has risen by 26% [2]. - The overall performance of the non-ferrous metals sector has been strong, with a 19.54% increase, ranking first among 31 sectors [3][6]. Group 2: Investment Demand and Market Trends - There has been a surge in sales of silver products, such as silver bars and coins, alongside a continuous increase in silver ETF shares [3]. - Citigroup has raised its price targets for platinum and silver, predicting silver could exceed $40 per ounce in the coming months due to tightening supply and rising investment demand [4]. - The World Gold Council suggests that geopolitical tensions and economic downturns could further boost gold prices by 10% to 15% [4]. Group 3: Sector Analysis - The non-ferrous metals sector has outperformed other sectors, with all sub-industries showing positive growth [6]. - The precious metals sector has led the market, with specific ETFs linked to precious metals showing significant year-to-date gains [6]. - Analysts emphasize the importance of investment demand in driving silver prices, indicating a strong correlation between investment demand and price movements [5]. Group 4: Strategic Metals and Policy Risks - The article discusses the political and policy risk premiums associated with trading strategic metals, highlighting the need for a long-term view on supply chains and national security [7].