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[Spot gold surged 1.7% to $2,472 overnight, and gold futures prices broke through $2,500, both setting new closing highs.]

As tensions in the Middle East continue to rise, it may only be a matter of time before gold hits a new all-time high. Spot gold rose 1.7% overnight to $2,472, and gold futures prices broke through $2,500, both setting new closing highs, with the previous high for spot being $2,483.78.

Due to the eye-catching performance of gold prices in recent years, coupled with the increasing demands of institutions for risk diversification and diversified allocation, the "gold +" allocation strategy has received more and more attention. Data shows that some bank-affiliated wealth management companies and fund companies have begun to increase their allocation to gold (mostly gold ETFs), and more allocations are distributed in pension wealth management, pension FOF, hybrid funds and other products, such as China Merchants Bank Wealth Management, Xingyin Wealth Management, Bank of Beijing Wealth Management, Invesco Great Wall, etc. The gold allocation center of these institutions with the highest allocation ratio has reached 5%~10%.

"Gold+" means adding a certain proportion of gold to the performance benchmark of the investment portfolio, and using gold as part of the long-term strategic asset allocation of the investment portfolio. The allocation of gold by "Gold+" products is strategic and long-term, rather than simply short-term speculation. Wang Lixin, CEO of the World Gold Council China, told the First Financial reporter that the Chinese market gold ETF has achieved inflows for four consecutive quarters, with an inflow of about 14 billion yuan in the second quarter, reaching a historical high.

The heads of investment research teams of several financial management companies told reporters that general fixed-income + hybrid products can invest in gold. At present, institutions are indeed increasing their allocation ratio, but the allocation ratio of most institutions has not reached 5% in the short term. However, the demand for diversified allocation by institutions will continue to heat up in the future.