Geopolitical tensions ease, spot gold breaks through $4,800, and Huatai Gold ETF rises by 2.57%

Ask AI · Why has the easing of geopolitical tensions unexpectedly boosted gold prices?

As of 10:50 on April 8, 2026, the Boshi Gold ETF (159937) is up 2.57%, hitting a three-day winning streak. The latest price is 10.07 yuan. Looking over a longer period, as of April 7, 2026, the Boshi Gold ETF has gained 1.41% over the past week.

In terms of liquidity, the Boshi Gold ETF recorded an intraday turnover of 1.32%, with trading volume of 657 million yuan. Looking over a longer period, as of April 7, the Boshi Gold ETF’s average daily trading volume over the past month is 1.832 billion yuan.

On the news front, today, the United States agreed to a two-week ceasefire with Iran in exchange for the Strait of Hormuz to reopen, a development that has greatly boosted gold prices. During the day, spot gold prices rose to above $4,840.

Regarding central bank gold purchases, according to data from the People’s Bank of China, China’s gold reserves were 74.38 million ounces at the end of March, compared with 74.22 million ounces at the end of February, marking the 17th consecutive month of increasing gold holdings.

A research report from China International Capital Corporation (CICC) believes that the current Middle East geopolitical situation may be moving into a critical window period. Oil prices face a choice between going up or going down, and the pricing focus in the gold market may shift to evaluating supply shocks. The already initially priced rate-hike expectations may need to be revised. Looking ahead, the firm believes that whether it is an oil-price pullback following a downgrade in geopolitics, monetary policy returning to a more accommodative direction, or supply shocks intensifying recession pressures and highlighting gold’s safe-haven value, there is likely upside room for both gold investment demand and prices to recover.

Boshi Gold ETF (159937), over-the-counter connection (Boshi Gold ETF Connection A: 002610; Boshi Gold ETF Connection C: 002611; Boshi Gold ETF Connection E: 021499), and related index funds (Boshi Gold ETF over-the-counter Class D: 000929; Boshi Gold ETF over-the-counter Class I: 000930).

Boshi Industrial Nonferrous ETF (159171).

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