On April 14, 2026, as geopolitical tensions eased, spot gold prices fluctuated upward throughout the day, currently reported at $4,788 per ounce. By the close, the ChinaAMC Gold ETF (518850) rose by 0.86%, while the ChinaAMC Gold Stock ETF (159562) slightly dipped and then rebounded, closing up 0.89%. The holdings included Zhou Dasheng, which increased by 5.10%, China Gold International rose by 3.72%, Zijin Mining was up by 3.39%, and Jiangxi Copper Co. rose by 3.04%.
In terms of net capital inflow, the ChinaAMC Gold ETF has seen continuous net inflows for the past 11 days, with the highest single-day net inflow reaching 174 million yuan, totaling 787 million yuan.
On the news front, according to reports from the U.S. on the 13th, the U.S. and Iran are still in contact, and the U.S. government is discussing details for a second face-to-face negotiation. The news that the door for U.S.-Iran negotiations has not been closed has eased market concerns. According to sources, Geneva, Switzerland, and Islamabad, Pakistan, are potential locations for the new round of negotiations.
CITIC Securities reviewed historical stagflation cycles and found that when energy prices experience a substantial upward shift in their operational center, the market will gradually trade on long-term inflation stickiness, weakening monetary credit, and stagflation risks. The anti-inflation and safe-haven attributes of gold will reassert dominance, with prices typically shifting from suppression to strength. Currently, the Iranian turmoil continues, with WTI crude oil prices having risen by 44.09% since February 27, while COMEX gold prices have corrected by 10.07% during the same period, having initially completed the suppression phase of the energy shock. As the market accepts the systematic upward shift in energy price centers, gold is entering a configuration window.
It is worth noting that the management and custody fees for the ChinaAMC Gold ETF (518850, off-exchange links 008701/008702) and the ChinaAMC Gold Stock ETF (159562, off-exchange links 021074/021075) total 0.2%, which is among the lowest in similar products, helping investors participate in the gold market at a lower cost

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The ChinaAMC Gold ETF (518850) has seen a net inflow for 11 consecutive days, accumulating 787 million yuan, with the highest single-day net inflow of 174 million yuan. The spot gold price has risen to 4,788 USD/ounce, and the ChinaAMC Gold Stock ETF (159562) increased by 0.89%. Market optimism regarding the US-Iran negotiations has alleviated concerns, and China Merchants Securities pointed out that gold is entering a configuration window, as its anti-inflation and safe-haven properties will regain dominance. The management fee for the gold ETF is the lowest among similar products, helping investors participate in the gold market at a lower cost

腾讯新闻 - 财经

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Us Gbl GLD & Met

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Pro Ultr GLD

VanEck Junior Gold Miners ETF

Microsectors Gold Miners 3x Leveraged ETN

EFUND GOLD MI-R

Abrdn Precious Metals Basket ETF Trust

FL2CSOPGOLD

ChinaAMC Gold ETF

Direxion Daily Jr Gold Miners Bull 2X

Roundhill Gold Miners Weeklypay ETF

EFUND GOLD MI ETF

Sprott JR Gold Miners ETF

iShares MSCI Global Gold Miners

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

CHOW TAI SENG

CHINAGOLDINTL

ZIJIN MINING

JCCL

JIANGXI COPPER

CMSC

China Gold

The ChinaAMC Gold ETF (518850) has seen net inflows for 11 consecutive days, institutions: Gold is entering a allocation window period