Bosera Gold ETF opened higher and continued to rise today, gaining 1.47% during the session to reach a latest price of 8.49 yuan. Spot gold extended its intraday gain to 1.2%, breaking above the 4,100 dollar mark, mainly supported by signals of cooling tensions in the Middle East. An Iranian source indicated that Iran would halt military actions as long as the United States stops its military strikes, while the US Permanent Representative to the United Nations said that Trump has suspended military strikes on Iran to leave room for diplomatic negotiations. Goldman Sachs' head of hedge fund business believes that speculative long positions have now been cleaned out, and with central bank gold purchases resuming and gold prices repeatedly finding support near the 4,000 dollar level, this is an opportune time to establish structural long positions in gold. In terms of fund flows, Bosera Gold ETF has seen net inflows for seven consecutive days, attracting a total of 297 million yuan, with an average daily net inflow of 42.4799 million yuan.
