Gold ETFs are in high demand, with several products seeing weekly gains exceeding 10%

Last week, the three major indices of the A-shares experienced some adjustments. As a result, more than 1,100 of the over 1,300 ETFs in the entire market closed lower. However, gold ETFs were highly sought after in the market, not only dominating the top ten weekly gains across the entire market but also becoming a hotspot for capital inflows, showing a high level of trading activity. Industry insiders believe that the recent gold market trend is driven by multiple factors, including the rising risk aversion in the market, the Federal Reserve's interest rate cuts releasing liquidity, and the continuous purchases of gold by central banks around the world