According to Jinsuo Finance, after three months of fluctuating adjustments, gold has welcomed a strong rise again. Today, the spot gold price in London, UK, remains above $3500 per ounce, while related ETFs are in high demand. Data shows that as of the close on September 4, there are 14 commodity gold ETFs and 6 stock gold ETFs in the entire market, with gold ETFs yielding about 30% this year, and stock gold ETFs yielding about 60% this year. The gold zone in A-shares and Hong Kong stocks has collectively benefited, with more than 10 gold stocks doubling in price this year. However, industry insiders remind that the recent rise in gold has been significant, and the risk of short-term fluctuations has increased.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The gold stock ETF has risen by 60% this year.
According to Jinsuo Finance, after three months of fluctuating adjustments, gold has welcomed a strong rise again. Today, the spot gold price in London, UK, remains above $3500 per ounce, while related ETFs are in high demand. Data shows that as of the close on September 4, there are 14 commodity gold ETFs and 6 stock gold ETFs in the entire market, with gold ETFs yielding about 30% this year, and stock gold ETFs yielding about 60% this year. The gold zone in A-shares and Hong Kong stocks has collectively benefited, with more than 10 gold stocks doubling in price this year. However, industry insiders remind that the recent rise in gold has been significant, and the risk of short-term fluctuations has increased.