The price of gold continues to reach new highs, with net inflows of over 58 billion yuan in gold-themed ETFs this year.

On September 2, during trading hours, the price of London spot gold rose briefly to $3508.69 per ounce, and the price of COMEX gold futures reached a high of $3578.4 per ounce, setting a new historical high. As of the time of writing, international gold prices have seen a slight pullback. Gold themed funds have performed remarkably well this year, with some achieving returns of over 65%. In addition, gold themed ETFs have seen net inflows of over 58 billion yuan so far this year, with a total scale exceeding 160 billion yuan, an increase of over 126% from the end of last year. Industry experts suggest that the current high interest rates, combined with high debt levels, have led to extremely high interest costs for the US government debt. The credit crisis involving US bonds and the US dollar still exists, and central bank gold purchases are ongoing. Gold may still be on the path to a new cycle.