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Does the gold etf have leverage?
Gold ETF has no leverage. Leverage is to use your own funds as collateral, then borrow money from securities companies and use the received funds to buy. Originally, graded funds were leveraged, but by the end of 2020, graded funds had withdrawn from the historical stage, so there is no leveraged fund in the market at present.

In the A-share market, the gold ETF implements the T+0 trading system, that is, the funds bought on the same day can be bought and sold on the same day and can be operated indefinitely.