Guotai Gold ETF

600547

601899

518800

NUGT

Gold prices fell by ₹10, with 24-carat gold trading at ₹1,56,210 and 22-carat gold at ₹1,43,190. Silver prices rose by ₹100, reaching ₹2,90,100 per kilogram. Prices varied slightly across cities, with Chennai showing higher rates. US gold remained steady amid a weaker dollar and falling crude oil prices, while spot gold was at $4,565.40 per ounce.

Business Standard

SD-GOLD

Zijin Mining

VanEck Gold Miners ETF

Direxion Daily Gold Miners Bull 2X

Thomson Reuters

Gold price falls ₹10 to ₹1,56,210; silver rises ₹100, trading at ₹2,90,100

603353

GOLD

02824

Financial markets are increasingly concerned about the economic impact of the ongoing Iran war, which has led to the prolonged closure of the Strait of Hormuz, causing significant disruptions to global energy supplies. As the conflict enters its third month, the world economy is grappling with a challenging combination of slowing growth and rising inflation, raising the risk of stagflation.

HSPC

BP p.l.c.

Gold.com

Newmont

SPDR Energy Select

EFUND GOLD MI ETF

VanEck Vectors Gold Miners UCITS ETF

SPDR O&G Ex & Prd

ChinaAMC Gold ETF

Abrdn Gold ETF Trust

SPDR Gold Minishares

VanEck Oil Services ETF

SPDR O&G Equip

Microsectors Gold Miners 3x Leveraged ETN

First Trust Natural Gas ETF

Bosera CSI Oil & Gas Resources Index ETF

Direxion Daily Jr Gold Miners Bull 2X

Huaan Yifu Gold ETF

Us Gbl GLD & Met

F GX OIL

Us 12 Mth Natural Gas

China Universal CSI Oil & Gas Resources ETF

Pro Ultr Bloomberg Crude Oil

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

VanEck Vectors Junior Gold Miners UCITS ETF

iShares Gold Trust

GLOBAL X Gold Explorers

F SAMSUNG OIL

Us Natural Gas

iShares US Oil Equip & Svcs

Us Brent Oil

United States Oil Fund LP

VanEck Junior Gold Miners ETF

iShares US Oil & Gas Expl & Prod

ISHRS S&P Glb Engy

Stagflation risks stacking up as Iran war enters third month

600489

GDXW

The dollar index fell to a 7-week low, down 0.15%, due to optimism over a potential end to the Iran war, reducing safe-haven demand. An 11% drop in WTI crude oil eased inflation expectations, negatively impacting the dollar. Comments from San Francisco Fed President Mary Daly supported a steady Fed policy. Meanwhile, the euro and yen also experienced fluctuations amid ECB and BOJ comments, with gold and silver prices rising sharply due to the dollar's decline and lower bond yields. Overall, market sentiment is influenced by geopolitical developments and monetary policy expectations.

nasdaq

Kinross Gold

Occidental Petroleum

ZHONGJIN GOLD

Wtree Bbg Usd Bull

iShares MSCI Global Silver Miners

Sprott Active Gold & Silver Miners ETF

EFUND GOLD MI-R

YieldMax Gold Miners Opt Inc Strgy ETF

VanEck Oil Refiners ETF

Abrdn Silver ETF Trust

Pro Ultr Silver

Sprott Silver Mnrs & Physical Silver ETF

Sprott PHYs Silver

Roundhill Gold Miners Weeklypay ETF

Sprott GLD Miners Etf

Sprott JR Gold Miners ETF

EFUND GOLD MI-U

Global X Silver Miner

iShares MSCI Global Gold Miners

S&P 500

Dollar Drops on Middle East Peace Optimism

Similarly, during wars and oil price surges, gold sometimes rallies significantly and at other times weakens—Guohai Securities, after reviewing eight major geopolitical conflicts over the past 50 years, points out that the direction of gold prices is never determined by the conflict itself, but by whether oil prices can "shift their center of gravity," whether inflation gets out of control, and whether central banks dare to compromise. Comparing this to the 2026 US-Iran conflict, the three checkpoints currently resemble a combination of "high-level volatility." The war is just the starting point; macroeconomics will determine the final outcome

- The report analyzes the impact of geopolitical conflicts on gold prices, emphasizing that oil prices fundamentally affect inflation and central bank responses rather than wars themselves.  
- It identifies three historical paradigms linking oil price shocks to gold trends and argues that for gold to rise significantly, sustained high inflation combined with weak economic growth is necessary.  
- Currently, it suggests that gold will remain constrained by the dollar and real interest rates, with future movement relying on oil price stabilization and potential Fed interest rate cuts.

Wallstreetcn

Agnico Eagle Mines

Invesco Db Precious Metals ETF

SPDR Gold Shares

HS GOLD ETF

SPDR S&P Mtls & Mng

VG Energy

Pro Ultr GLD

Abrdn Precious Metals Basket ETF Trust

War, Oil Prices, and Gold: Three Paradigms Under Geopolitical Conflicts

In March, the People's Bank of China increased its gold holdings by nearly 5 tons, marking the 17th consecutive month of increases, while global gold ETFs faced record outflows. International precious metal futures generally rose, with gold prices performing poorly due to deleveraging and changes in liquidity, but are expected to rebound in the future. Gold is seen as a safe-haven and inflation-hedging tool, and central bank purchases provide structural support. The gold ETF managed by Bosera recently fell by 1.93%, but has accumulated a rise of 1.01% over the past week

腾讯新闻 - 财经

E Fund Gold ETF

VALUEGOLD ETF

Gold ETF

The central bank bought nearly 5 tons of gold in March, marking 17 consecutive months of increasing gold holdings. Attention is on the window period for the Gold ETF managed by Bosera

517400

On April 9th, after a significant rise, the gold stock sector experienced a correction, with the Guotai Gold ETF (517400) falling over 2%. Relevant institutions indicated that gold is gradually returning to the main themes of safe-haven and inflation resistance, with central bank purchases providing structural support. The People's Bank of China has increased its gold holdings for 17 consecutive months, and global central banks maintained net purchases in March. The medium to long-term allocation logic for gold has strengthened, and investors can consider buying on dips, focusing on the Guotai Gold ETF (518800) and the Guotai Gold Stock ETF (517400). Risk warning: Individual stock analysis does not constitute investment advice; investment should be approached with caution

Guotai CSI SH-SZ-HK Gold Industry Equity ETF

After a significant rise in the gold stock sector, a correction has occurred, with the Guotai Gold ETF (517400) dropping over 2%. The medium to long-term allocation logic has been strengthened, and the correction may present a layout opportunity

Stagflation expectations drove Guotai Gold ETF (518800) to rise nearly 3% on April 8, with a net inflow of over 800 million yuan for five consecutive days. Guohai Securities analysis pointed out that U.S. inflation is difficult to return to target, and economic downward pressure is increasing, enhancing the allocation value of gold as a risk hedging tool. Medium to long-term factors such as fiscal deficits and geopolitical tensions continue to support gold demand, and it is expected that the Federal Reserve's interest rate hike space is limited, which may provide support for gold prices. Investors need to carefully choose products that match their risk tolerance

Stagflation expectations catalyze the value of gold allocation, Guotai Gold ETF (518800) surged nearly 3%, with a net inflow of over 800 million yuan for five consecutive days

In late New York trading on Tuesday (April 7), spot gold rose 1.30% to $4709.73 per ounce, later hitting a daily high of $4718.41 before the US stock market closed. COMEX gold futures rose 1.11% to $4737.80 per ounce. Spot silver rose 0.28% to $73.0205 per ounce, and COMEX silver futures rose 0.48%. Spot platinum and palladium fell 0.98% and 0.79% respectively

FL2CSOPGOLD

Spot Gold Rises 1.3%

The People's Bank of China announced that by the end of March 2026, gold reserves had reached 74.38 million ounces, marking 17 consecutive months of gold accumulation. This move reflects the central bank's defensive hedge against the dollar credit system, with gold's safe-haven properties as hard currency becoming increasingly important. As international confidence in the renminbi strengthens, the increase in gold reserves provides a stronger credit endorsement for the renminbi. Despite market fluctuations, global central banks are still actively increasing their gold holdings to achieve diversification of foreign exchange reserves

SPDR GOLD TRT

Central Bank's "17 Consecutive Increases" in Gold Reserves: Continuing to Strengthen Diversification of Foreign Exchange Reserves

Guotai Gold ETF(518800.SH)