The 易方达黄金矿业ETF (02824) has jumped nearly 4% in the latest trading session, bringing its cumulative gain over the past two months to close to 40%. As of press time, the fund was trading 3.36% higher at HKD 11.06, with a turnover of HKD 6.49 million.
On the news front, data from the People's Bank of China released on August 7 showed that the country's gold reserves had risen to 76.08 million ounces by the end of July 2026, an increase of 640,000 ounces from the end of June. This marks the 21st consecutive month of accumulation. The pace of purchases accelerated in July, with the monthly increase surpassing June's 480,000 ounces. Separately, the Bank of Korea recently announced plans to boost its official gold reserves, marking the first such purchase by the central bank since 2013.
UBS has forecast that gold prices could surge to USD 5,000 per ounce by the first half of 2027.
Public filings show that the 易方达黄金矿业ETF (02824) focuses on high-quality global gold mining opportunities, tracking the Solactive Global Gold Miners Select Index. It allocates to industry leaders from core gold-producing regions, including China, the United States, Canada, and Australia. Its holdings encompass stocks such as 紫金矿业, 招金矿业, 赤峰黄金, Newmont, and Barrick Gold. Compared to physical gold, gold mining companies benefit from built-in cost advantages and possess 2-3 times natural operating leverage. In a rising gold price cycle, this leverage amplifies returns, making the ETF a compelling tool for capturing precious metals recovery trends and seeking excess returns.
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