Oil prices fall back, gold prices rebound, and Huaxia Gold ETF (518850) rises nearly 3%

April 8th, due to the easing of the US-Iran situation, oil prices retreated from high levels, with Brent crude falling to $93.88 per barrel, a decline of 14.08%. Under inflationary pressure, gold prices in New York rebounded strongly to $4,862, up 3.7%. As of 14:15, the Gold ETF Huaxia (518850) rose by 2.93%, marking the seventh consecutive day of capital inflows, with a total net subscription of 400 million yuan. The Gold Stock ETF Huaxia (159562) increased by 7.44%, and the Nonferrous Metals ETF Huaxia (516650) rose by 6.07%.

The two-week ceasefire in the Middle East has injected a “stabilizer” into the originally tense geopolitical situation. The significant decline in oil prices and the strong rebound in gold not only reflect the market’s rapid pricing of peace expectations but also indicate that global investors are quickly switching between risks and opportunities. In the next two weeks, whether US-Iran negotiations can proceed smoothly and whether the Middle East peace process can truly be implemented will remain key variables influencing the trends of global commodities and financial markets.

It is worth noting that the management fee plus custody fee for Gold ETF Huaxia (518850) and Gold Stock ETF Huaxia (159562), totaling 0.2%, are among the lowest in similar products, helping investors participate in gold market trends at lower costs.

Daily Economic News