On August 16, local time, the spot golden market exceeded $ 2,500/ounce, refreshing a record high.

Some analysts said that due to the hope of the Fed's hopes to cut interest rates, the price of gold broke through the $ 2,500 mark per ounce for the first time.As the market's optimism of currency loose policies and the central banks of the central banks of various countries have increased, the price of gold has risen by more than 20%this year.In addition, due to the continuous rise in geopolitical risks, including the tension between the Middle East and the conflict between Russia and Ukraine, the demand for gold as an asset of gold has also increased.New Delhi Wealth Management

The gold market goes up, and the relevant domestic theme ETF floating is significant.Flush iFind data shows that as of now, there are 14 gold -themed ETFs in the market.From the perspective of this year, ETFs that track the Golden Stock Related Index and ETF products invested in the gold spot contract have achieved double -digit returns.In the first half of this year, the holdings of domestic gold ETF rose to 92.44 tons, an increase of 30.97 tons from 61.47 tons at the end of 2023, an increase of 50.38%, a historical highest value since the listing of domestic gold ETFs in July 2013.

"From the perspective of the market outlook, the price of gold may continue the bull market, mainly based on the following three reasons." Wang Yanqing, chief researcher at CITIC Investment Futures, said that one is that the global economic recovery is slow, and Western countries gradually exit from a high interest rate environment.The scarcity of assets and the increase in market uncertainty factors will make gold assets more attractive; second, American inflation will gradually decline, the Federal Reserve ’s interest rate cut cycle is about to start, which will bring continuous support to gold;Factors such as geopolitical risks will bring incremental demand for precious metals. The central banks of various countries will continue to increase their holdings to provide long -term upward driving forces for gold prices.Bangalore Stock Exchange

(Yue Niu News Comprehensive Economic Daily, Brokerage India, Securities Times)