Gold price hits new highs, foreign institutions also favor gold ETFs.

Last week, the international gold price hit a new high again, driving the strong performance of gold stocks. At the same time, the scale of gold ETFs has been rapidly increasing this year. With the increasing uncertainty in the global macro environment, the allocation value of gold continues to strengthen. Funds are entering the market quickly through ETFs and other tools, not only driving the continuous expansion of related products, but also gradually extending the "windfall" to related areas of the industry chain. Industry insiders believe that in the context of de-dollarization and the trend of central banks buying gold, the strategic position of gold is becoming more prominent. Combined with expectations of interest rate cuts and high debt risks, gold is at the starting point of a new cycle, further releasing the function of long-term safe-haven assets.