Continuing to rise, several gold ETFs have surged more than 2%

The concept of gold stocks continues to rise, with multiple gold ETFs up more than 2%. As of the writing of this article, the Yongyuan CSI Shanghai-Hong Kong Gold Industry Stock ETF rose by 2.87%, the Huaxin CSI Shanghai-Hong Kong Gold Industry Stock ETF rose by 2.94%, the Nanfang Shanghai Gold ETF rose by 2.70%, and the Jiashi Shanghai Gold ETF rose by 2.68%. According to a research report from CITIC Futures, the short-term trend of gold continues to be volatile and strong, with no change in the medium-term bullish logic. The downgrade of US credit ratings and the weakness of US bonds support the performance of gold, while the stagflation expectations brought about by tariff policies remain the benchmark path.