Core Viewpoint - The surge in gold stock ETFs is attributed to rising international gold prices and increased investor interest in gold as a safe-haven asset amid economic uncertainties [1][2][3]. Group 1: Gold Stock ETF Performance - On August 4, multiple gold stock ETFs showed strong performance, with the Guotai Gold Stock ETF leading the market with a gain of 5.04% [1]. - Other gold stock ETFs, including Huaxia Gold Stock ETF and ICBC Credit Suisse Gold Stock ETF, also reported significant increases, with gains ranging from 3.94% to 4.49% [1]. - Year-to-date performance shows that several gold stock ETFs have risen over 30%, with the highest being Guotai Gold Stock ETF at 38.42% [1][2]. Group 2: International Gold Prices - On August 1, the London gold spot price surpassed $3,360 per ounce, marking a single-day increase of 2.22% [2]. - As of August 4, the London gold spot price was reported at $3,358.32 per ounce, a slight decrease of 0.13%, while COMEX gold was at $3,411.2 per ounce, up 0.34% [2]. - Year-to-date, the London gold and COMEX gold prices have increased by 28.14% and 29.34%, respectively [2]. Group 3: Economic Factors Influencing Gold Prices - The weakening of the US dollar is identified as a key factor driving gold prices higher, as there is an inverse relationship between the dollar and gold [3]. - Geopolitical tensions, central bank purchases, and fluctuating inflation expectations are also contributing to the rising gold prices [3][4]. - The potential instability of the Federal Reserve's independence and increasing US debt levels may further support gold's long-term value as a safe-haven asset [4].