Core institutions from the mainland gold industry recently visited Hong Kong for a special research trip, engaging in in-depth discussions with relevant departments of the Hong Kong Special Administrative Region, gold trading platforms, industry associations, and leading gold enterprises. The focus was on advancing practical cooperation in three major areas: connectivity between the Shanghai and Hong Kong gold markets, the development of Hong Kong as a gold reserve hub, and the international expansion of mainland gold enterprises. On September 22, spot gold briefly surged to 4,376 US dollars in early trading before fluctuating lower, and is currently trading near 4,330 US dollars. As of 1:27 p.m. on September 22, 2026, the Bosera Gold ETF, which tracks the AU9999 index, fell 0.33 percent. The ETF recorded a latest net inflow of 24.9971 million yuan, with net inflows on four of the past five trading days, totaling 87.4253 million yuan and averaging a daily net inflow of 17.4851 million yuan. CICC Wealth Futures believes that sustained optimism in the artificial intelligence sector and large-scale options buying drove the Nasdaq 100 index up 2.8 percent overnight, its biggest single-day gain since August 4. Gold prices fluctuated lower, but the decline in oil prices partially offset the pressure, making short-term gold fluctuations more likely. Southwest Futures noted that the broader trends of deglobalization and de-dollarization are favorable for gold's allocation value and safe-haven appeal, with central bank gold purchases providing support. As central banks continue to increase holdings and gold ETF funds flow back, precious metals are expected to fluctuate higher.
