Gold ETFs in China are experiencing massive growth as investors seek shelter from market uncertainty caused by trade tensions.
Assets under management in Chinese gold ETFs have increased by $9.6 billion to reach 126.7 billion yuan, with the largest fund managed by Hua An Fund Management holding 64.2 billion yuan.
Gold prices recently topped $3,400 per ounce and have risen over 60% in two years, positioning the metal as an alternative to traditional safe havens like US Treasury bonds and the dollar.
This shift comes as the US dollar index approaches its lowest level since March 2022, and as central banks worldwide, including China’s, continue to increase their gold reserves for five consecutive months.