Bitcoin traders may be breathing a sigh of relief amid evidence that the U.S.-China tariff wounds are healing. President Donald Trump’s threat to hike tariffs on China by 100% is widely credited with causing the Oct. 10 flash crash that wiped out an unprecedented $19 billion worth of open interest in crypto markets and tanked spot prices. But Standard Chartered’s Geoff Kendrick would still like to see ETF flows improve, he said in a note shared with Decrypt. He noted that during the back half of last we ...

Core Viewpoint - The international gold market has experienced significant volatility, with a notable drop in prices following a series of record highs, leading to varied responses in investment and consumer behavior [1] Group 1: Market Trends - As of October 21, the international spot gold price fell sharply by 6.3%, marking the largest single-day decline since April 2013 [1] - On October 22, gold prices further declined, approaching the $4000 per ounce mark [1] - The fluctuation in gold prices has triggered a chain reaction in both investment and consumer markets, with online gold stores preparing for the upcoming "Double Eleven" shopping festival [1] Group 2: Consumer Behavior - Major brands continue to price gold jewelry at high levels, with prices for mainstream brands like Chow Tai Fook at 1223 CNY per gram and other brands similarly priced [2] - Brand representatives indicate that significant price adjustments are unlikely until there is a sustained downward trend in gold prices [2] - Consumers are finding opportunities for better deals online during the "Double Eleven" event, with platforms offering exclusive coupons for gold purchases [2] Group 3: Regulatory and Quality Standards - The purity labeling of gold has been standardized, with the national standard stating that gold content must be no less than 990‰ to be labeled as "foot gold" [4] - The previous terms like "thousand-foot gold" and "ten-thousand-foot gold" have been eliminated to prevent price inflation based on purity claims [4] Group 4: Secondary Market Activity - The second-hand market for gold is becoming increasingly active, with users listing gold jewelry for resale on platforms like Xianyu [4] - Some sellers are pricing second-hand items above official retail prices, which may be due to supply shortages in brand stores [4][15] - The wholesale market in Shenzhen shows a significant price difference, with gold priced at 936 CNY per gram, reflecting a 40% increase since January [15] Group 5: Investment Market Dynamics - There is a noticeable divergence in the investment market, with long-term investors seeing substantial gains while short-term traders face losses [16] - Long-term investors, such as those in hedge funds, maintain a positive outlook on gold despite recent price corrections, citing ongoing factors like de-dollarization and inflation expectations [16] - Short-term investors are experiencing pressure from recent declines, with many choosing to hold their positions rather than sell at a loss [18]

Group 1 - The SPDR Gold Shares ETF (GLD), the world's largest gold-focused exchange-traded fund, reached record trading levels [2] - GLD also achieved its highest relative strength index reading on record on Monday [2] - The ETF has been listed since November 2004 and has shown significant performance growth [2]

Core Insights - A record $1 trillion has been invested in US ETFs in 2025, indicating a significant shift from traditional mutual funds to ETFs [2][3] - The ETF industry is projected to reach $1.4 trillion by year-end, surpassing last year's record and solidifying ETFs as a dominant investment vehicle in the US [3] - Total US ETF assets reached $12.7 trillion by the end of September, with a 23% year-to-date growth rate and 41 consecutive months of net inflows [3] ETF Performance - Bond and gold ETFs have shown exceptional performance, with $39 billion in inflows for fixed-income ETFs last month and SPDR Gold Trust ETF attracting $15.97 billion as gold prices exceeded $4,100 per ounce [4] - The current market environment is characterized by a risk-on sentiment and persistent inflation, which are driving these inflows [4] Investor Behavior - BlackRock's iShares and Tidal Financial Group anticipate continued inflows into ETFs, as mutual fund outflows have reached $481 billion this year [5] - Investors are increasingly favoring ETFs for their cost efficiency, transparency, liquidity, and diversification, which are reshaping global investment behavior [5] Growth in Crypto ETFs - A parallel boom in crypto-linked funds and Asian ETF markets is expected, with significant growth anticipated in crypto ETFs over the next five years, potentially capturing 10-20% of all assets [7][8] - The cost-effectiveness of ETFs compared to traditional crypto services is highlighted, with exposure available for as low as 25 basis points [8]

Core Viewpoint - The SPDR Gold Trust, the world's largest gold ETF, reported a total holding of 1021.45 tons of gold as of October 14, 2025, reflecting an increase of 2.57 tons from the previous trading day, amidst significant fluctuations in gold prices [5]. Group 1: Gold ETF Holdings - As of October 14, 2025, SPDR Gold Trust's holdings reached 1021.45 tons, up by 2.57 tons from the prior day [5]. - The increase in gold ETF holdings over the past two trading days totals more than 4 tons [5]. Group 2: Gold Price Movements - On October 14, gold prices experienced volatility, dropping to a low of $4090.49 per ounce and peaking at $4179.47 per ounce, closing at $4142.01 per ounce, a rise of $31.56 or 0.77% [5]. - Year-to-date, gold prices have surged by 57%, surpassing the $4100 per ounce mark for the first time, driven by geopolitical uncertainties, economic unpredictability, expectations of interest rate cuts, strong central bank purchases, and inflows into ETFs [5]. Group 3: Market Analysis - The sharp fluctuations in gold prices on October 14 were attributed to sudden market sentiment changes, with analysts predicting increased volatility due to profit-taking and bottom-fishing activities [6]. - Geopolitical uncertainties and ongoing trade tensions are providing strong support for gold as a safe-haven asset [6]. - Market expectations for a 25 basis point rate cut by the Federal Reserve on October 29 remain high at 96%, indicating sustained investor anticipation for accommodative monetary policy [6]. Group 4: Technical Analysis - Technically, gold maintains an upward trend, with the relative strength index indicating accumulating buying momentum, and prices above all moving averages suggesting bullish sentiment [7]. - A breakthrough above $4155 could open further upside potential, targeting historical highs near $4180, with subsequent resistance levels at $4200, $4250, and $4300 [7]. - Conversely, failure to break the upper boundary of the month-long upward channel (currently at $4162 per ounce) may lead to a corrective pullback, potentially testing the lower boundary at $4015 [7].

Core Insights - Gold futures opened at a record price of $4,348.10 per ounce, reflecting a 1.2% increase from the previous close and a 62% rise over the past year [1][4] Gold Price Trends - The price of gold rose to $4,392 during early trading before slightly pulling back [1] - The opening price on Friday was up 9.9% from the previous week's opening price of $3,957 and increased by 18.5% from the opening price of $3,669 a month ago [4] Market Influences - The surge in gold prices is attributed to rising fears regarding credit quality, particularly following warnings from JPMorgan's CEO about potential credit losses related to the bankruptcy of Tricolor Holdings [2][3] - Concerns about the quality of commercial credit have been heightened by issues reported by two regional banks and allegations of questionable accounting related to First Brands, a bankrupt auto parts supplier [2] Investment Perspectives - Gold is viewed as a safe-haven asset during uncertain economic times, driving investor interest amid rising credit quality fears [3] - Various experts recommend different allocations for gold in investment portfolios, ranging from 0% to 20%, depending on individual risk tolerance and investment goals [6][12]

There are 457 leveraged ETFs that trade in the US compared with a total of more than 4,300 ETFs overall. That's according to ETF. com.And leveraged ETFs have a total of about 160 billion in assets. So what are leveraged exchange traded funds. The SEC first allowed them in 2006.They're designed to boost the returns of a specific index or asset that they track. So, while a traditional ETF tracks securities on a 1:1 basis, leveraged ETFs typically aim for a 2:1 or 3:1 ratio, leverage funds use various investme ...

来源：市场资讯 （来源：ETF炼金师） 近期国际金融环境的变化使得黄金的避险和储备属性愈发明显，金价再次迎来了历史性时刻。根据 Wind的数据，截至10月7日，纽约期金首次触及4000美元/盎司的关口，日内上涨0.55%，年内累积涨幅 超50%。与此同时，现货黄金价格报3976.94美元/盎司，10月8日现货黄金更是站上了4040美元/盎司， 再次刷新历史高位。 在这一背景下，港股市场的黄金股票也表现强劲，赤峰黄金股价上涨13.26%，山东黄金涨幅达到 7.60%。进入10月9日，中证沪港深黄金产业股票指数开盘时大幅上涨超过5%。光大证券的宏观首席分 析师赵格格指出，金价上涨的背后有三大新变量在发挥作用，分别是美国政府停摆、欧日政坛变局以及 资金流入黄金ETF。 其次，黄金股ETF则相较于黄金价格，具有更高的业绩弹性，因此在金价上涨的背景下，黄金股成为主 要受益对象。市场中存在跟踪黄金股指数的ETF，例如国泰中证沪深港黄金产业股票ETF（对应联接基 金：021673.OF），该ETF涵盖了紫金矿业、山东黄金和中金黄金等多家黄金股。 首先，美国政府的停摆持续时间超出历史平均水平，这引发市场对美国财政可持续性及其 ...

Core Insights - Investors significantly increased their investments in gold-backed exchange-traded funds (ETFs) in September, leading to the largest monthly inflow on record, with 146 tonnes added, compared to 53 tonnes in August [2][3] - The total monetary inflow for September reached $17.3 billion, pushing assets under management (AUM) to a new high of $472.5 billion, with third-quarter inflows totaling $26 billion, the strongest ever for any quarter [3][4] North American Market - North American investors contributed the most, adding 89 tonnes of gold worth $10.6 billion in September, resulting in total holdings of 1,966 tonnes and AUM of $245.5 billion [4][5] - This marks the fourth consecutive month of inflows for North American funds, driven by ongoing trade, policy, and geopolitical risks, alongside expectations of lower yields [5] European Market - European gold ETFs experienced their third-best month of inflows in September, with 37 tonnes added, raising total holdings to 1,436 tonnes and AUM to $176.6 billion [6][7] - The UK, Switzerland, and Germany were the leading countries in this activity, with the strong gold price rally contributing to increased demand [7] Asian Market - In Asia, gold ETFs added 18 tonnes valued at $2.1 billion, increasing total holdings to 334 tonnes and AUM to $41.6 billion, driven by strong demand in China and India [8] - The inflows in Asia were attributed to favorable local currency dynamics and heightened investment demand amid weaker domestic equities and ongoing geopolitical risks [8]

digital gold, regular gold. We're going to start right now with regular gold. And what this chart shows is a three-year price move of the Spider Gold ETF, which some investors use as a proxy or to get exposure.Take us through what these charts are showing you about the future trajectory. >> Sure. Well, Tom, thanks a lot for having me.Sure. Well, last time we were here talked about how there was potential for gold to break through this bullish pattern, which it did. And let me tell you, Tom, it's been textbo ...