In the context of a sharp drop in crude oil prices and a green global stock market, the market chose gold as a safe haven, and the price of gold was exceptionally strong. The data shows that the price of gold once climbed to the weekly high 12 yesterday. As of press time, the spot gold price continues to fluctuate around 1 1 13 USD/oz. The data shows that the spot gold price has increased by nearly 5% this year.
It is precisely because of the rising price of gold that the gold commodity fund has strengthened, and the commodity fund has become one of the best performing varieties of 20 16. The data shows that there are currently 8 commodity funds (each type is counted separately), namely Bosera Gold ETFD, Bosera Gold ETFI, Bosera Gold ETF, Guotai Gold ETF, Yifangda Gold ETF, Huaan Yifu Gold ETF Connection C, Huaan Yifu Gold ETF Connection A and Huaan Gold ETF. By the close of 65438+125 October, the average yield of these eight products reached 4.85%, and the performance difference between products was very weak.
Similarly, the gold QDII fund also performed well. At present, there are four QDII funds focusing on gold in the market, namely Nuoan Global Gold, E Fund Gold Theme, Harvest Gold, Huitianfu Gold and Precious Metals Fund. The data shows that as of June 25th, 65438, the net value of the above four QDII funds has increased by 4.27%, 4.0 1%, 4.00% and 3.87% respectively this year.
In addition, some gold LOF products also performed well in the secondary market. The data shows that since the beginning of this year, the transaction prices of seven gold funds that can be traded in the secondary market have increased by 4.34%, which is in step with the increase in the net value of funds.
According to industry insiders, it can be observed from the data that funds continue to flow into gold ETFs, and this trend will continue. Many fund managers of gold funds also expressed optimism about the investment value of gold. For example, the fund manager of Boss Gold ETF said in the just-released 20 15 quarterly report that in the first quarter of 20 16, gold assets had certain investment value under the dual effects of the slow pace of the Fed's interest rate hike and the preference of safe-haven funds for gold. The fund manager of Huaan Gold ETF also said that it is expected that the gold price will maintain a steady upward trend in the first quarter of 20 16. The negative factors affecting the gold price include the increase of geopolitical uncertainty, the outflow of funds from the stock market and bond market, and the technical rebound. In the medium and long term, a strong dollar does not necessarily mean that the price of gold will continue to fall at the current level. Investors are advised to pay more attention to the staged opportunities brought about by the improvement of risk aversion.