Which one to buy, Shanghai Gold or London Gold?

Guotai Junan Securities pointed out that the real interest rate of US Treasury bonds is the main pricing factor for short-term fluctuations in gold. Recently, the divergence between the price of gold and US bond rates may be related to the uncertainty of the US election. Due to the lower premium of Shanghai gold compared to London gold, it has become the preferred choice for investors due to its higher certainty. The market expects the Fed to reduce interest rates by a smaller margin, the stability of the Renminbi is strengthening, foreign capital is flowing into A-shares, the premium of Shanghai gold is returning to normal, providing investors with buying opportunities