Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
The global enthusiasm for gold investment continues to rise, UBS: The medium to long-term logic for the gold price increase remains solid

The global enthusiasm for gold investment continues to rise, UBS: The medium to long-term logic for the gold price increase remains solid

新浪财经新浪财经2026/08/14 06:23
Show original

Since the beginning of this year, gold has entered the global investors’ portfolio with unprecedented enthusiasm. In terms of physical investment, China's demand for gold bars and coins surged by 31% year-on-year in the first half of 2026, reaching 314 tons and setting a record for the strongest half-year performance ever. Funds are also pouring rapidly into the market. In the first quarter of 2026, domestic gold ETF net inflow reached 58.6 billion yuan, marking the highest single-quarter inflow in history. This trend became even more prominent in July, and as of August 11, the net inflow of domestic gold ETFs since July has exceeded 20 billion yuan. Globally, the net inflow into global gold ETFs in the first half of the year totaled about $11 billion, with July once again seeing more than $3 billion flowing in.

UBS's latest report points out that as US inflation cools and expectations for Federal Reserve rate cuts rise, combined with a weaker US dollar and continued large-scale gold purchases by global central banks, the logic for medium- to long-term gold price increases remains solid.

Chaos Tern Futures analysis believes that since early August, the price of gold has seen a significant recovery after several months of adjustment. Unlike the one-sided market at the beginning of the year, this round of gains was not driven by a single factor, but rather the result of a combination including a temporary drop in the US dollar, weaker US employment data, easing rate hike expectations, geopolitical and oil price disruptions, concerns about US dollar credibility, and position replenishment, causing gold prices to return to a well-supported high range.

Editor: Zhu Henan

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Nvidia quietly reduces OpenAI data center guarantee from 250 billions to below 120 billions

Nvidia and OpenAI are close to signing a data center financing agreement in Ohio. However, Nvidia's financial guarantee has been reduced from $250 billion to less than $120 billion, covering only about 5 GW of computing power for the project's first phase. This adjustment is a direct response to investor concerns about Nvidia's risk exposure—after the previous $250 billion guarantee plan was revealed, Nvidia's stock price fell 5% in a single day. The agreement could be signed as early as this weekend.

华尔街见闻2026/08/16 04:06

Ivy League’s space gamble: Harvard reveals $2.2 billions SpaceX position, its largest single stock holding

Harvard University Investment Management Company disclosed that it holds $2.2 billion worth of SpaceX shares, making it the largest single stock position in its $4.3 billion US equity portfolio. This holding originated from Harvard’s early investment in SpaceX through venture capital funds, and the position has significantly appreciated after SpaceX’s public listing in June this year. The University of California also disclosed a roughly $1 billion position in SpaceX during the same period. Over the past decade, endowment funds from several universities have made substantial bets on private tech assets.

华尔街见闻2026/08/16 03:01