Gold funds are fluctuating at high levels, and institutional divergences are emerging.

Recently, the international gold price has been fluctuating at a high level. As a result, the performance of many gold-themed funds has been disappointing. Wind data shows that as of July 11, the returns of all 14 commodity gold ETFs in the market have been negative in the past month. There is a wide difference in opinions about the future trend of gold prices in the market. On one hand, many investment institutions continue to be bullish on gold; on the other hand, some believe that gold lacks momentum for further increases and the price may remain in a state of fluctuation.