Global gold ETF assets under management hit a record high; institutions: short-term pressure on gold prices does not change long-term allocation value.

Since August, gold-related ETFs have continued to receive capital inflows. As of September 14, net inflows into domestic gold-related ETFs exceeded 10 billion yuan. Meanwhile, global physical gold ETFs saw net inflows of about $18 billion in August. Recently, rising oil prices and heightened expectations of Federal Reserve rate hikes have put short-term pressure on gold prices. However, in the medium to long term, many institutions believe that central bank gold purchases, reserve diversification, and safe-haven demand will continue to support gold.