Nature of business: Exchange traded funds

Target price: 750.00 yuan

Entry price: 720.00 yuan

Stop loss price: 705.00 yuan

In the past week, spot gold prices broke through the $920 and $950 levels in a row, spurring a sharp rise in the prices of many gold-related investment instruments. The daily trading fund units of the US listed State Street Gold ETF also soared to an average of nearly 20 million per day last week. However, the ETF increased its gold reserves by more than 13.1 tons to 1,118 tons on May 22, reflecting the continued inflow of capital. Currently, the factors driving the price of gold have not disappeared. Investors are worried that the US credit rating will be lowered, and the US Treasury will auction more than 100 billion treasury bonds later this week. Under adverse circumstances such as Sri Lanka, it may cause its yield to continue to rise, further impacting the US economy, further impacting the US economy, making the outlook for the US dollar even more bleak, which will help stabilize spot gold prices. Meanwhile, it is expected that the rebound of US stocks will continue, increasing risk aversion flowing into the gold market. It is believed that the price of the Hong Kong-listed State Street Gold ETF is expected to rise close to 750 yuan with the price of gold.