伊朗拟关闭霍尔木兹海峡 黄金ETF（518880）配置价值凸显

Core Viewpoint - The recent increase in the price of gold ETFs, particularly the Huaan Gold ETF (518880), is driven by geopolitical tensions and economic uncertainties, with a notable year-to-date increase of over 25% [1][3]. Group 1: Market Performance - On June 23, the Huaan Gold ETF (518880) rose by 0.38%, reaching a latest price of 7.464 yuan, with a trading volume of 27.50 billion yuan and a turnover rate of 4.56% [1]. - The fund's scale has surpassed 602.58 billion yuan, maintaining its position as the largest gold ETF in Asia [1]. - The ETF has shown a 120-day increase of 25.91% and a 250-day increase of 42.52% [2]. Group 2: Geopolitical Factors - The escalation of geopolitical conflicts in the Middle East, particularly between Israel and Iran, has heightened demand for safe-haven assets like gold [2][3]. - The potential closure of the Strait of Hormuz, a critical route for global oil trade, poses risks to the commodity and financial markets [2]. Group 3: Investment Strategy - Analysts suggest that while gold has seen significant gains, the upward trend is expected to continue, driven by factors such as the U.S. government deficit and demand for U.S. debt amid a backdrop of de-globalization [3]. - Investors are advised to maintain a gold allocation of 5%-15% in their portfolios as a risk-hedging tool, with recommendations for new investors to consider gradual investment strategies through the Huaan Gold ETF [4].