Affected by the sharp correction in international gold prices, domestic gold ETFs have weakened since September, and the total product scale has shrunk by more than 18 billion yuan. A number of fund managers suggested that the FOMC resolution in the early morning of October 29, the Wash press conference, the preliminary US GDP value for the third quarter announced on the same day, and the September PCE price index will all influence the pricing of the interest rate hike path, and the price of gold is facing key direction choices. Since September, as of October 27, the gold ETF secondary market has declined significantly in terms of both decline and size. Among them, gold stock ETFs led the decline. Gold stock ETF Huaan, gold stock ETF Huaxia, gold stock ETF ICBC, etc. fell by more than 24%; gold ETF and Shanghai gold ETF all fell by more than 10%. Furthermore, the total size of gold ETFs declined over the same period by more than 18 billion yuan to 286.762 billion yuan. Among them, the largest gold ETF “Gold ETF Huaan” fell below 100 billion yuan and fell back to 98.578 billion yuan; the largest gold stock ETF “Gold Stock ETF Yongying” also fell below 12 billion yuan.

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