Lates News

After three months of volatile adjustment, gold has once again seen a strong rise. Today (September 4th), the spot gold price in London, UK, remains above $3500 per ounce, while related ETFs are also popular. Data shows that as of the close of September 4th, there are 14 commodity gold ETFs and 6 stock gold ETFs in the market, with an annual return rate of around 30% for gold ETFs and around 60% for gold stock ETFs. The gold sector in A-shares and Hong Kong stocks have collectively benefitted, with over 10 gold stocks doubling in price this year. However, industry experts warn that the recent significant rise in gold prices increases the risk of short-term volatility. (CCTV Financial News).