Lanzhou Huanghe Enterprise Co Ltd000929
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Lanzhou Huanghe Enterprise Co LtdLanzhou Huanghe Enterprise Co LtdTensions between the US and Iran took a dramatic turn as US President Trump stated in the early hours of August 3 that he would hold talks with Iran that day, having earlier called off a military strike at the request of Iran and other Middle Eastern nations. The news sent international oil prices tumbling, with WTI crude futures dropping 4.55 percent to 80.82 dollars a barrel and Brent crude futures plunging 6.89 percent to 83.91 dollars a barrel. Spot gold opened nearly 40 dollars higher in early Asian trading on Monday, hovering around 4,082 dollars. The Bosera Gold ETF has seen net inflows for 12 consecutive days, with the highest single-day net inflow reaching 87.153 million yuan. Total inflows over the period amounted to 507 million yuan, averaging 42.2112 million yuan per day. Its latest shares outstanding hit 4.747 billion, a one-month high. As of 10:40 a.m. on August 3, the Bosera Gold ETF was down 0.32 percent at 8.38 yuan, with intraday turnover of 0.34 percent and trading volume of 134 million yuan. Its average daily turnover over the past year stands at 1.3 billion yuan. UBS strategists noted that gold could rally again in the second half of 2026 if the Federal Reserve refrains from further rate hikes, investment demand recovers, and central banks maintain strong purchasing momentum.
Lanzhou Huanghe Enterprise Co Ltd