Spot gold returns to $4,600, with China Gold ETF and Gold ETF China both surging.

GateUser-bd883c58 · 2026-04-01T12:07:46+00:00

As of March 25, 2026, the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index has increased by 3.39%, with several gold stocks soaring significantly, and spot gold rebounding to $4,600. Despite increased market volatility, in the medium to long term, central bank gold purchases and geopolitical uncertainties support the performance of gold stocks, and a performance window is expected to open.

GateUser-bd883c58

2026-04-01 12:07:46

Abstract generation in progress

As of the midday close on March 25, 2026, the CSI Hong Kong-Shanghai-Shenzhen Gold Industry Stock Index (931238) rose strongly by 3.39%. Among constituent stocks, Chifeng Gold gained 7.31%, Xiao Cheng Technology rose 6.18%, China Gold International rose 4.22%, and Chifeng Gold, TRILLION Hundred (CAIBAI) shares, and other individual stocks also moved higher in tandem. The Huaxia Gold-related ETF (159562) rose 3.20%, with the latest price at 2.39 yuan. As of the midday close, the Shanghai Gold Exchange SGE gold 9999 surged 3.89%. The Huaxia Gold ETF (518850) rose 4.42%, with the latest price at 9.791 yuan.

In terms of market news, spot gold has returned above the 4600 U.S. dollar level, up 2.8% on the day. In addition, the World Gold Council (WGC) said that more central banks will increase their gold holdings this year.

A research report from Galaxy Securities states that in the current environment of high oil prices and high interest rates, increased short-term volatility for gold is unavoidable. However, in the long run, central banks’ gold purchases, diversification of reserves, and geopolitical uncertainty still provide support. Overall, the current round of pullback is more a change in timing and rhythm rather than a reversal of the trend.

The Huaxia Gold-related ETF tracks closely the CSI Hong Kong-Shanghai-Shenzhen Gold Industry Stock Index. The index covers the full industrial chain of gold mining, processing, and sales. Within it, metals and mining account for more than 90%, directly benefiting from rising gold prices. Because gold mine extraction costs are rigid, higher gold prices drive profit growth. Combined with gold mine companies expanding production, their earnings growth rates have far exceeded the gains in gold prices, so the gold-stock sector’s upside sensitivity is significantly higher than that of gold prices. After consecutive adjustments in recent days, the value of allocating to gold stocks has become more prominent. As gold companies gradually disclose their 2025 annual reports, gold stocks are expected to enter an earnings window period.

Huaxia Gold-related ETF (159562), off-exchange connection A: 021074, connection C: 021075

Huaxia Gold ETF (518850), off-exchange connection A: 008701, connection C: 008702

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