What is etf gold position?
ETF gold position is actually a gold exchange traded fund, which is a fund product based on the change of physical gold price. ETF gold fund companies have their own physical gold, which is sold to investors as countless minimum shares of equivalent fund bonds.
Many gold investors want to buy this ETF gold fund. This ETF gold fund company has been listed. Among them, SPDRDTRUST, the world's largest ETF gold, has about 1 1,350 tons of gold, and it is increasing every year, so its strength is strong. ERF gold is managed by commercial banks as a fund management bank and a physical management bank respectively, and investors can buy back it freely during the duration of the fund.
What is the impact of etf gold positions on gold prices?
Investors should know that ETF gold holdings are high, and the gold trading operations of ETF gold fund investors and ETF gold fund companies generally affect the price of the gold market. In other words, gold ETF is the most common investment method in the United States, and its position changes reflect the emotional changes in the gold market. On the other hand, the position change of the gold ETF itself can also show the change of the order in the gold market, that is, the strength of the long and short power in the gold market, which is of great help to investors' investment success rate.
If the ETF's gold holdings increase, the purchasing power of the gold market will be strong, and the gold sentiment in the market will rise, which is very beneficial to the rise of gold prices. The method of counting the positions of gold ETFs is also very simple. The unit is ounces, which can be converted into tons. Generally speaking, large-scale gold ETF is the gold holdings of SPDR.