Oil prices retreat, gold prices rebound, Huaxia Gold ETF (518850) rises nearly 3%

April 8, as tensions between the U.S. and Iran eased and oil prices pulled back from their highs, Brent crude fell to $93.88 per barrel, down 14.08%. With downward pressure on inflation, New York gold surged strongly to $4,862, up 3.7%. As of 14:15, the Huaxia Gold ETF (518850) was up 2.93%, having received inflows for 7 consecutive days. It recorded cumulative net subscriptions of 400 million yuan. The Huaxia Gold Stock ETF (159562) was up 7.44%, and the Huaxia Nonferrous Metals ETF (516650) was up 6.07%.

The news that there will be a two-week ceasefire in the Middle East has injected a “stabilizer” into an otherwise tense geopolitical situation. The sharp drop in oil prices alongside gold’s strong rebound not only reflects the market’s rapid repricing of expectations for peace, but also shows how quickly global investors switch between risk and opportunity. Over the next two weeks, whether negotiations between the U.S. and Iran can proceed smoothly and whether the Middle East peace process can truly take hold will remain key variables driving the direction of global commodities and financial markets.

It is worth noting that the combined fee rate of 0.2% for management fees plus custodial fees for the Huaxia Gold ETF (518850) and the Huaxia Gold Stock ETF (159562) is at the lowest level among comparable products, helping investors participate in the gold market at a lower cost.

Daily Economic News

(Editor: Zhang Xiaobo)

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