MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF(517520.SH)

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MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF
517520.SH
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Metal Markets Report For Wednesday, Jan 21

In the latest Metal Markets Report, Ira Epstein discusses a reversal in the metals market, with gold declining by $40 and silver rising. He highlights upcoming economic data releases, including GDP and jobless claims, and their potential impact on Federal Reserve policy. Epstein also comments on President Trump's speech in Davos regarding NATO and a new framework deal on Greenland affecting tariffs, and speculates on potential candidates for the next Federal Reserve chair, suggesting Kevin Hassett is unlikely to be chosen.

Talkmarkets·
SH
600489
-2.41%
Talkmarkets·
SH
600489
-2.41%

Gold Refreshes Daily Top As Fed Rate Cut Bets Offset Positive Risk Tone Ahead Of US PCE

Gold (XAU/USD) rises to a new daily high as the US Dollar struggles amid expectations of two interest rate cuts by the Federal Reserve in 2026. US President Trump's decision to avoid new tariffs on European nations and his comments on Greenland have boosted global risk sentiment, impacting safe-haven gold. The upcoming US Personal Consumption Expenditures (PCE) Price Index and Q3 GDP report are expected to influence USD movements and gold prices. Technical indicators suggest gold may face challenges in maintaining upward momentum, with key support levels identified.

Talkmarkets·
SH
600547
-1.90%
SH
600489
-2.41%
Talkmarkets·
SH
600547
-1.90%
SH
600489
-2.41%

PRECIOUS-Gold steadies as Fed independence concerns offset easing geopolitical woes

Gold steadied at $4,836.09/oz after hitting a record high of $4,887.82/oz, amid concerns over the U.S. Federal Reserve's independence. President Trump eased geopolitical tensions by stepping back from tariff threats against Denmark. Goldman Sachs raised its December 2026 gold forecast to $5,400/oz, anticipating central banks will buy an average of 60 tons of gold that year. Spot silver rose to $94.26/oz, while platinum dipped to $2,472.33/oz after reaching $2,511.80/oz.

Reuters·
SH
600547
-1.90%
SH
600489
-2.41%
SZ
159562
-1.28%
Reuters·
SH
600547
-1.90%
SH
600489
-2.41%
SZ
159562
-1.28%

Morgan Stanley: The uncertainty factors of Trump's policies have a neutral to slightly accelerating impact on de-dollarization

Morgan Stanley pointed out that the uncertainty of Trump's policies has a neutral to slightly accelerating impact on de-dollarization. Although the international role of the dollar has gradually weakened over the past 25 years, there is currently no obvious alternative to the global reserve currency, with gold remaining the biggest competitor to the dollar. Gold prices have doubled in the past 18 months, and foreign central banks' gold reserves have surpassed U.S. Treasury bonds for the first time. Additionally, the disintegration of NATO could have a negative impact on the dollar, but geopolitical turmoil may also increase the safe-haven demand for the dollar

AASTOCKS·
SH
600547
-1.90%
SH
518850
-0.41%
SZ
159562
-1.28%
AASTOCKS·
SH
600547
-1.90%
SH
518850
-0.41%
SZ
159562
-1.28%

Sumitomo Metal Mining (5713.JP) closed down 2.39% as gold prices softened from their highs

Sumitomo Metal Mining (5713.JP) closed at 8,180 yen today (22nd), down 2.39% for the day. The previous day, New York gold prices rose 1.5% to set new highs, but U.S. President Trump announced plans to withdraw the additional tariffs of up to 25% on eight European countries including the UK, Germany, and France, causing gold prices to weaken in after-hours trading. The easing of tensions between the U.S. and Europe has led to a growing perception that the gold prices may soon reach their peak

AASTOCKS·
SH
518850
-0.41%
SH
600714
-2.31%
SH
600547
-1.90%
AASTOCKS·
SH
518850
-0.41%
SH
600714
-2.31%
SH
600547
-1.90%
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