Gold stock ETF earns over 60% so far this year.

On September 3, the spot price of gold in London reached $3546.9 per ounce, breaking through the key level of $3500. Prior to this, COMEX gold also reached $3616.9 per ounce during trading, setting new historical highs. With the sharp increase in gold prices, gold-related ETFs are on the rise. Wind data shows that as of the close of September 3, there were 13 commodity gold ETFs and 4 stock gold ETFs in the market, with year-to-date returns of around 30% for gold ETFs and over 60% for gold stock ETFs. The highest performing ETF, Yongying Gold Stock ETF, has risen by about 69% year-to-date. Looking ahead, many fund companies believe that in the medium to long term, factors such as the Federal Reserve starting a rate-cutting cycle, increasing uncertainty in overseas macroeconomic policies, and the global de-dollarization trend all provide some support for gold prices. However, attention should also be paid to the potential impact of stablecoin development supporting US dollar credit stability.