Spot gold breaks through the $4,400 mark, Bosera Gold ETF surges over 1.5% aiming for a five-day winning streak

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โดย Eastmoney·CN·Read original
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Spot gold broke through $4,400 per ounce during the session, hitting a new high since June 8. Boosted by this, the Bosera Gold ETF opened higher and rose over 1.5%, aiming for a fifth consecutive day of gains. Last week, gold prices surged more than 7%, marking the strongest weekly performance this year, driven by both a much weaker-than-expected US nonfarm payrolls report and continued gold purchases by China's central bank. Multiple streams of capital flowed into gold allocations, with gold ETFs overall attracting nearly 2 billion units in net subscriptions, and some FOFs and fund advisory portfolios also returning to gold. Huachuang Securities noted that easing geopolitical tensions and weakening employment data have opened a window for gold's recovery, while Bohai Securities believes that gold's bottom support is solid, and it may gain upward momentum once geopolitical tensions ease or the Federal Reserve shifts its stance. The Bosera Gold ETF saw net inflows on four of the past five trading days, absorbing a total of 143 million yuan.

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