Gold Industry Equity ETF has made over 60% profit this year

On September 3rd, the spot price of London gold once reached $3,546.9 per ounce, breaking through the key level of $3,500. Prior to this, COMEX gold also touched $3,616.9 per ounce during the trading session, both setting historical highs. With the significant rise in gold prices, gold-related ETFs are also surging. According to Wind data, as of the market close on September 3rd, there are 13 commodity gold ETFs and 4 stock gold ETFs in the entire market, with the annual return of gold ETFs around 30%, while the return of gold stock ETFs exceeds 60%. The highest increase is seen in the Yongying Gold Stock ETF, which has surged approximately 69% this year. Looking ahead, several fund companies believe that in the medium to long term, factors such as the Federal Reserve starting a rate-cutting cycle, increasing uncertainty in overseas macro policies, and the global trend of de-dollarization will provide certain support for gold prices. However, attention should also be paid to the potential impact of stablecoin development supporting the credit of the dollar