Gold prices hit new highs, and foreign institutions also favor gold ETFs

Last week, international gold prices reached new highs, driving the continued strength of gold stocks. At the same time, the scale of gold ETFs has also risen significantly this year. As global macroeconomic uncertainty intensifies, the allocation value of gold continues to strengthen. Funds are rapidly entering the market through tools such as ETFs, not only pushing the scale of related products to expand continuously but also gradually extending the "windfall" to related areas of the industrial chain. Industry insiders believe that against the backdrop of de-dollarization and a wave of central bank gold purchases, the strategic position of gold is becoming increasingly prominent. Coupled with expectations of interest rate cuts and high debt risks, gold is at the starting point of a new cycle, further releasing the function of long-term safe-haven assets