Global investors' enthusiasm for allocating gold continues to heat up. According to data recently released by the World Gold Council, the net inflow of global gold ETFs in August was 18 billion US dollars, the second-largest monthly inflow in history; holdings increased 121 tons to 4,189 tons, a record high. Meanwhile, the price of gold fluctuated at a high level after rapidly rising, and is currently hovering around 4,300 US dollars/ounce. The market's focus is also gradually shifting from safe-haven demand to the Federal Reserve's monetary policy expectations. At a time when the price of gold fluctuates at a high level, gold ETFs have ushered in a strong inflow of capital. Behind this phenomenon, there are not only short-term capital surges, but also a reflection that global investors' concerns about macroeconomics, fiscal conditions, and monetary credit systems are rising. Although short-term fluctuations in gold prices have clearly intensified, many industry insiders believe that the long-term allocation value of gold still exists.

Global investors' enthusiasm for allocating gold continues to heat up. According to data recently released by the World Gold Council, the net inflow of global gold ETFs in August was 18 billion US dollars, the second-largest monthly inflow in history; holdings increased 121 tons to 4,189 tons, a record high. Meanwhile, the price of gold fluctuated at a high level after rapidly rising, and is currently hovering around 4,300 US dollars/ounce. The market's focus is also gradually shifting from safe-haven demand to the Federal Reserve's monetary policy expectations. At a time when the price of gold fluctuates at a high level, gold ETFs have ushered in a strong inflow of capital. Behind this phenomenon, there are not only short-term capital surges, but also a reflection that global investors' concerns about macroeconomics, fiscal conditions, and monetary credit systems are rising. Although short-term fluctuations in gold prices have clearly intensified, many industry insiders believe that the long-term allocation value of gold still exists.