Gold Ends Lower Amid Recovering US Bond Market
World Gold Council: The recovery of upstream physical Gold demand has led to an increase in the premium of domestic and foreign gold prices in March.
The World Gold Council believes that the rebound in upstream physical gold demand has driven the expansion of the premium for domestic and overseas gold prices in March.
4E Observation | Gold prices continue to hit new highs: with an increase of over 26% this year, is there still room for growth?
Recently, the Gold market is booming, with gold prices reaching new highs repeatedly. On April 17, spot gold surged violently, breaking through 3,350 dollars, reaching a maximum of 3,357 dollars, an increase of over 3.6% within the day, setting a new record.
Gold prices have surged, driving a skyrocketing increase in the scale of Gold ETFs, with searches for "gold" doubling. Is it a crisis or an opportunity?
① The total scale of the four largest domestic gold ETFs is 122.947 billion yuan, with an increase of 58.877 billion yuan this year alone; ② According to Ant Data, by the end of the first quarter, the average holding duration for users of ICBCCS Gold ETF is 1570 days, with over 7.6 million users starting RSP; at the same time, the number of users searching for "gold" in the first quarter increased by 206% year-on-year; ③ Third-party platforms remind of volatility risks and suggest rational holding.
The international gold price reaches 3,370 dollars, as the collapse of the US credit system reinforces the logic of the gold bull market.
① As the benchmark currency, the USD has enjoyed a long-term overestimation relative to its gold content. ② The buying points of Gold that are 'encountered but not sought' will be the norm.
Gold Hits Fresh Record To US$3,358 An Oz
