Lates News

Last week, the international gold price hit a new high, driving the performance of gold stocks to continue to strengthen. At the same time, the scale of gold ETFs has also been on the rise this year. With the increasing uncertainty in the global macroeconomic environment, the allocation value of gold continues to strengthen. Funds entering the market rapidly through ETFs and other tools not only drive the continuous expansion of related products but also gradually extend the "opportunity" to related areas of the industry chain. Industry insiders believe that in the background of de-dollarization and central bank gold buying spree, the strategic position of gold is becoming increasingly prominent. Coupled 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. (Securities Times)