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home > industry news > gold prices are rising, and the "money-making effect" of gold etfs is evident
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the shutdown of chow tai fook's factory also reflects the overall situation of the gold industry chain. the operations director of a shenzhen gold jewelry processing company said that the improvement of the macro economy and the reduction of gold price fluctuations will promote the recovery of the downstream gold shops and midstream gold jewelry processing industry chain. but at the same time, some investors are also faced with the choice of "taking profits".
global gold etfs had a net inflow of us$2.1 billion, and the market had a net outflow in august, breaking the eight-month streak of net inflows. an analyst at a fund company's gold etf said that the reason behind this was that the correction in bond prices led to a decline in the net value of bank wealth management products, which caused some investors to worry about the investment risks of financial products.
however, the "money-making effect" of gold etfs still attracts investors. as gold prices hit new highs, gold etfs continue to bring returns and are seen as a safe-haven investment and a strategy for earning excess returns. the "china gold market review and trend analysis in the second quarter of 2024" report released by the international gold council shows that during the second quarter, my country's gold etf market had a cumulative inflow of about 14 billion yuan, setting a record high.
amid the global net outflow of gold etfs, some investors chose to "take profits", while others continued to actively increase their holdings of gold etfs to hedge against risks and seek higher returns.