International Situation Fluctuates And Gold Fund Leads The Market.

Affected by the international geopolitical structure, gold prices continue to rise this year, leading to a sustained rise in the related gold fund.

The recent superposition of us air strikes on Syria, the intensification of tensions in the Korean Peninsula and the Middle East, as well as the upcoming presidential election in France, have increased the risk aversion of investors again, and international gold prices have been rising frequently, and the gold fund has risen across the board.

The industry is expected that the future gold fund is still a hedge fund debt market risk, asset allocation in the medium and long-term good fund varieties.

Since the beginning of the year, gold has risen by nearly 6% in the market, and the best performing Huaan has gained 6.66% of its ETF.

Chung Lu fund research center data show that in the past week, the QDII Gold Fund rose by 0.82% on average, while gold ETF and ETF connection funds rose by an average of 1.79%.

Specifically, the QDII fund has gained 0.97% of its gold holdings, while huitianfu gold and precious metals rose 0.64%.

Gold ETF and ETF connection fund, Huaan gold ETF rose the top, rose 1.84%; the time of gold ETF connection C and Yi Fang Da gold ETF connection C rose 1.73%.

Looking back at the gold trend in the first quarter, in January, President Trump continued to voice strong doubts about the strong dollar. The US dollar weakened to support the gold price rise. In February, the uncertainty of Trump policy and worries about the European election led investors to lock gold as the main hedge investment. In March, gold rose again after the interest rate rose, and COMEX gold rose 8.65% in the first quarter.

At present, a number of important political and economic events at home and abroad and economic data are coming one after another, which resonate with the global financial market, and the gold market is also surging.

In April 7th, the US unexpected strike against Syria triggered a sharp rise in gold, but after the release of the US non farm employment data, it failed to help gold prices continue to rise. Instead, the price of gold fell back again in the words of the New York Fed chairman's follow-up to the Fed's "deflation" statement.

The central European Fund said that the demand for safe haven made London's gold price rise to the highest level of 1270 U.S. dollars / ounce last Friday. However, there was no significant change in demand from gold ETF holdings and COMEX gold holdings. Last week, the price of London gold finally closed at $1253.5 / ounce.

In the short term, the price of gold remains narrow or even more likely to be callback. However, from the perspective of risk aversion, geopolitical conflicts and populism are still the trigger points of gold prices. From the perspective of asset prices, there is still more obvious allocation value in the long run.

Xie Yi, executive director of Qianhai open source investment, believes that the US attack on Syria has provided support for the gold short line and is a good trading opportunity.

The upward trend of gold in the medium and long term remains unchanged, but its support and upward turning point comes from the stagnation of the US and the short period of global economic development.

Of course, if the Syria issue continues to escalate into a conflict between the US and Russia, the gold price will receive additional support.

Risk assets will be withdrawn in the short term, but strong cyclical resources and energy industries such as oil, coal, steel and basic metals will win the market as they benefit from the strong short cyclical recovery and resource demand driven by military conflict events.

The Federal Reserve announced interest rate hike in March. The market reaction is different from the normal expectations. The US dollar has fallen and gold has gone up. This has left market analysts with a big surprise. Even in the media there has been a "false interest rate increase".

Gold has also been swept away before the haze, re favored by investors.

In the short term, the U.S. interest rate hike will be unfavourable to the price of gold, but in the medium term, with the acceleration of the US and non US economies, the failure of the US fiscal policy and the discount of the policy effect will slow the increase in interest rate and increase the rate of inflation expectations, making the real interest rate of the United States falling in the process of increasing interest rates, or the depreciation of the US dollar due to high global risk sentiment, and the two aspects of the gold price.

Xu Zhiyan, general manager of the Huaan fund index and quantitative division, said that although the global economy has recovered, but throughout the world, especially the relatively strong recovery, the United States has not yet found a new economic growth mode. Its recovery is still weak recovery. The new president of the United States needs to provide better interest rate environment support for expanding infrastructure and manufacturing industry back to the United States. Otherwise, excessive strong US dollar and interest costs will cause the government's debt cost to rise, and the export of enterprises and infrastructure investment will face greater challenges.

In the view of Xu Zhi Yan, the increase in interest rates and the price of gold are not necessarily related, and have been verified in the historical interest rate cycles.

From the perspective of asset allocation, macro vision and global perspective, gold ETF can effectively hedge exchange rate risk, which is also an important factor to consider in asset allocation.

"In the background of the weak recovery of the US economy, the developing countries, Europe and Japan are still at a low level, we think the next 2-3 years will be true.

It will remain low or even negative.

This is an important reason why we think gold prices will perform well. "

Xu Zhiyan said that as a precious metal with monetary attributes, the price of gold ultimately depends on the marginal demand.

From the perspective of demand, we saw the central bank's continuous holdings, saw the growth of hundreds of tons of gold ETF, and saw the pformation of asset allocation in China's 70 trillion assets.

Under the background of the era of asset allocation, driven by the FOF concept, domestic bank financing, insurance companies and social security annuity will invest in gold ETF, a standard securitized product approved by global institutional investors.

Looking ahead to the gold investment opportunities, Wang Xiang, manager of the ETF fund of gold, said that the recent events in Syria and weaker non-agricultural data failed to help the gold price to open up the upward trend, suggesting that the profit pressure of the market in this position is greater. The possibility that gold prices will continue to maintain strong potential will be decreasing in the near future. However, Trump has once again shown the unpredictability of its policy to the market, and at the same time, the French general election has entered a key time point, and it is cautiously bullish for the short-term gold market.

Wei Fengchun, chief macroeconomic strategist at the time fund, believes that the probability of gold prices going up in April is greater than that of the interest rate.

Quite repressive, but taking into account the Fed's interest rate landing, the next increase in interest rates appear in the short window period, Trump policy landing uncertainty increased, the French general election has become white hot, gold short-term performance.

"The current gold price is mainly due to global re inflation and geopolitical uncertainty.

With the support of the three major factors of demand growth, the price of gold in the future is likely to gradually increase in the process of shock digestion and pressure drop, and 2017 is still a better time to configure gold in the medium and long term.

Xu Yiyi, manager of Huaan gold ETF fund, said.

In Xu Yiyi's view, "re inflation" will become a more definite investment theme in the future.

There are signs of recovery in the world's major economies and inflationary pressures.

Although monetary policy is being adjusted but relatively lagging behind, real interest rates will remain low for a long time. Secondly, there will be cracks in the global monetary system. Geopolitical factors will induce risk aversion and enhance the demand for gold investment.

The uncertainty of Britain's withdrawal from Europe and France and Germany has a negative impact on the euro, while the United States publicly says it does not want the dollar to be too strong.

The instability of the monetary system constitutes a positive impact on gold investment. Finally, gold is related to the stock debt. Increasing the allocation of gold can effectively improve the portfolio risk return ratio.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.