Global central banks continue to accelerate gold purchases, with China Gold ETF and China Gold ETF remaining strong with two consecutive gains.

GateUser-bd883c58 · 2026-04-02T11:48:16+00:00

Central banks worldwide are accelerating gold purchases, with Q1 2026 reaching a record high, driven by geopolitical tensions and expectations of Federal Reserve rate cuts. Goldman Sachs predicts gold prices will reach $5,400 by the end of the year, as the value of gold allocations increases. It is recommended to pay attention to investment opportunities in the gold sector.

GateUser-bd883c58

2026-04-02 11:48:16

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Ask AI · What economic drivers are behind the acceleration of global central bank gold buying?

On March 25, gold prices surged and then pulled back. After COMEX gold futures prices touched the 4600 US dollars round-number level, they dipped slightly. As of the close of trading in the A-share market, prices were trading around 4547 US dollars. The Huaxia Gold Stock ETF (159562) rose 2.89%, and the Huaxia Gold ETF (518850) rose 3.64%.

In the news, Goldman Sachs maintained its optimistic year-end gold price forecast of 5400 US dollars, supported by central bank gold-buying by governments around the world as they continuously pursue asset diversification.

Huatai Securities noted that global central bank gold buying has continued to accelerate. In 2026 Q1, the amount of central bank gold purchased reached 280 tons, setting a record for the highest amount in the same period in history. With geopolitical uncertainty compounded by repeated twists in expectations for Fed rate cuts, the value of gold allocation has become increasingly prominent. It is suggested to watch for mid-term allocation opportunities in the gold sector; short-term volatility will not change the long-term trend.

It is worth noting that the total fee rate for management fees and custody fees for the Huaxia Gold ETF (518850) and the Huaxia Gold Stock ETF (159562) is 0.2%, which is the lowest level among similar products, helping investors participate in the gold market with lower costs.

Huaxia Gold Stock ETF (159562), off-exchange connection A: 021074, connection C: 021075

Huaxia Gold ETF (518850), off-exchange connection A: 008701, connection C: 008702

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