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Gold ETF Huaxia fluctuated and closed up 0.06%, institutions: gold prices are expected to stabilize and rebound
Ask AI · Why has central bank gold purchase exceeding 1,000 tons become a long-term support for gold?
On April 7, 2026, the Shanghai Gold Exchange SGE Gold 9999 price declined in the afternoon and then remained within a narrow range. By the close, the Gold ETF Huaxia(518850) rose 0.06%, with the latest price at 9.92 yuan. The Gold Stock ETF Huaxia(159562) fell 0.74%, with the latest quote at 2.42 yuan. Regarding holdings, gains and losses were mixed: Mingpai Jewelry led with a 3.15% increase, Zhaojin Gold rose 2.97%, and Laishen Tongling increased 2.89%; Chifeng Gold led the decline with 3.45%, Shan Jin International fell 2.17%, and Zhongjin Gold dropped 1.61%.
April is traditionally a strong month for gold, and current gold prices are in a phase of oscillation and recovery. Changcheng Futures analysis suggests that, amid easing Middle East tensions and reduced dollar pressure, gold prices are expected to stabilize and rebound within the 1020–1080 yuan per gram range; although the second quarter mainly involves bottoming out, the central bank’s gold purchases and de-dollarization trend provide clear long-term support, with technical and liquidity environments gradually improving.
Additionally, according to the World Gold Council, from 2022 to 2024, global central banks purchased over 1,000 tons of gold annually for three consecutive years. In 2025, when gold prices hit new highs, global central bank gold purchases reached 863 tons, accounting for about 17.3% of global gold demand that year. The medium- to long-term upward trend of gold remains unchanged, with the driving logic shifting from short-term safe-haven demand to structural support. Shenwan Hongyuan Futures pointed out that rising geopolitical risks, ongoing restructuring of the global political and economic order, combined with market concerns over the sustainability of U.S. fiscal policy and frequent interventions by Trump in the Federal Reserve’s independence, will accelerate de-dollarization; global central bank gold demand has become the most solid fundamental support for gold prices.
Related products:
Gold Stock ETF Huaxia(159562), OTC link A: 021074, link C: 021075
Gold ETF Huaxia(518850), OTC link A: 008701, link C: 008702