Lanzhou Huanghe Enterprise Co Ltd000929
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Lanzhou Huanghe Enterprise Co LtdGold rebounds on weak nonfarm payrolls and central bank buying, Bosera Gold ETF eyes fourth straight gain
MacroCommodity
US nonfarm payrolls unexpectedly fell by 23,000 in July, far below the market expectation of an 80,000 increase. Combined with the People's Bank of China adding 640,000 ounces of gold to its reserves in July, this drove a strong rebound in gold prices. The Bosera Gold ETF rose 0.52%, aiming for a fourth consecutive gain. As of 10:49 on August 10, 2026, the ETF traded at 8.91 yuan, up 5.41% over the past week. Data from the US Bureau of Labor Statistics showed the unemployment rate fell to 4.1% in July, while average hourly earnings rose only 0.1% month-on-month, both missing expectations. This fueled market bets that the Federal Reserve will delay a September rate hike. Huafu Securities believes the sharp drop in nonfarm payrolls eases pressure from persistently high interest rates, lowering the opportunity cost of holding gold and directly benefiting precious metals. On the capital flow front, the Bosera Gold ETF's latest shares outstanding reached 4.786 billion units, a one-month high, with net inflows totaling 842 million yuan over the past 17 consecutive trading days.
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