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sell ​​when the crowds are bustling!

since the beginning of this year, gold prices have hit new highs, attracting much attention from the market, and a large number of investors have flocked to buy.

in contrast, amid the cheers for the rise in gold prices, the global hedge fund giant bridgewater is retreating rapidly. regular reports of multiple gold etfs show that bridgewater (china), which has firmly held gold etfs since mid-2022, has sold heavily in the first half of this year.

for example, at the end of 2023, bridgewater held 31.59 million shares of the e fund gold etf, and in the first half of this year, at least 27.6 million shares were sold.

as giants withdraw, looking ahead to the future, where will the price of gold go?

bridgewater sells off gold etf

bridgewater is disappearing from the list of top ten holders of several gold etfs.

the 2023 annual report of e fund gold etf shows that as of the end of 2023, bridgewater (china) investment management co., ltd. - bridgewater all weather enhanced china private securities investment fund no. 3 ranked as the largest holder, holding 31.5935 million shares.

bridgewater (china) investment management co., ltd.-bridgewater all weather enhanced china private equity securities investment fund no. 2 and bridgewater (china) investment management co., ltd.-bridgewater all weather enhanced china private equity securities investment fund no. 1 hold 5.7018 million and 4.681 million shares respectively. as shown in the following figure: