Domestic Gold ETF Prices Hit A New High This Year.

Before and after the Dragon Boat Festival holiday, domestic and foreign capital markets reacted significantly, and the global startup hedge mode, domestic and foreign gold investment warming, the domestic gold ETF price hit a new high this year.

The main reason for the current round of global market turmoil is the referendum of Britain's withdrawal from Europe. Recent polls show that Britain's support rate for European backing is even higher, exacerbating the turmoil in international capital markets and bringing about a chain reaction: the pound's exchange rate plummeted and the yen's exchange rate soared. Europe, the United States, Japan, Hong Kong stocks and A shares fell to varying degrees.

And the gold market, driven by German ten year treasury bonds prices, interest rates fell below 0, international gold prices rose.

The risk hedging or hedging function of gold investment is highlighted this time. The gold market in June 13th is one of the few varieties that can go against the market.

The three "golden road to gold" is in front of investors. They are gold ETF, gold ETF connection fund and gold theme fund.

Domestic gold ETF is listed on the Shanghai and Shenzhen Stock Exchange.

Investors can buy or buy redemptions in the field, so that they can easily switch investments with assets such as stock and floor money fund.

The gold ETF connection fund is mainly targeted at the development of OTC investors, especially for bank customers, so that customers can freely switch investments in other banking purposes such as bank capital system and deposits.

The gold theme fund was issued earlier, mainly investing in overseas gold ETF, indirectly sharing the price of gold.

For domestic investors, gold and gold denominated in Renminbi

The price hit a new high this year in June 13th. In addition to the rising international gold prices, there is also a factor in the valuation of Renminbi denominated by the depreciation of the renminbi.

Take Yi Fang Da gold ETF (159934) as an example, the highest price in June 13th was 2.717 yuan, which was higher than the highest price of 2.699 yuan in May 3rd.

The warming of gold investment at home and abroad can be seen from the ETF position.

Taking the world's largest gold ETF as an example, the position of SPDR GOLD TRUST has reached 900 tons mark in June 14th, reaching 896.29 tons, an increase of nearly 100 tons over the 802.65 tons in late April.

Domestic gold ETF holdings are also increasing, for example, the share of ETF has increased from less than 100 million at the end of April to 226 million in June 14th.