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Since July, funds have continued to flow into gold-related products. According to statistics, in the past month, the share growth of Yongying CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock ETF and Huaan Gold Easy ETF exceeded 200 million. Many institutions believe that the continued decline in US inflation and the rise in unemployment rate indicate that the conditions for the Fed to cut interest rates are gradually maturing, and the probability of a rate cut in September has increased significantly. Against this background, gold still has outstanding allocation value.

As expectations of a rate cut by the Federal Reserve heat up, funds continue to flow into gold-related products. Choice data shows that as of August 1, the shares of Yongying CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock ETF and Huaan Gold Easy ETF increased by 300 million and 244 million shares respectively. Calculated based on the average transaction price in the range, the two received net inflows of 374 million yuan and 1.32 billion yuan respectively. At the same time, the net value of many gold-themed funds also rose. Among them, the net value of E Fund Gold Theme C (US dollar) has increased by 8.58% since July, and the net value of Huatai Gold and Precious Metals A, Harvest Gold, and Noah Global Gold has also increased by 5.67%, 4.34% and 4.22% respectively. (Shanghai Securities News)