Spot gold prices continue to retreat, with Huaxia Gold Stock ETF and Huaxia Gold ETF accelerating their decline in the afternoon.

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On the afternoon of April 2, 2026, as of 13:38, spot gold fell by 2.26%, trading at $4,650 per ounce, with gold prices oscillating and pulling back. Gold ETF Huaxia(518850) declined by 1.88%, with the latest quote at 9.91 yuan. Gold stock ETF Huaxia(159562) dropped by 3.21%, with the latest quote at 2.44 yuan. The holdings led by Xiaocheng Technology fell by 7.66%, Chifeng Gold dropped by 6.33%, Hunan Gold declined by 5.45%, Zhaojin Gold fell by 5.33%, and Hunan Silver decreased by 4.56%.

In terms of news, on April 1 local time, U.S. President Trump delivered a brief televised speech from the White House, providing the latest statement on Iran. Trump stated that in the next two to three weeks, there are plans to launch extremely fierce strikes against Iran.

Changjiang Securities pointed out that the spot gold price has shown a volatile pattern, with its core driver gradually shifting from traditional interest rate and dollar logic to long-term concerns about the global fiat currency system. The continuous gold purchases by central banks constitute significant demand support and may change the long-term pricing anchor of gold. Currently, market expectations of Fed rate cuts have repeatedly caused the short-term gold price trend to decouple from the negative correlation with actual U.S. Treasury yields, potentially increasing volatility. Looking ahead, structural factors such as geopolitical risks, global debt expansion, and doubts about the U.S. dollar credit system are expected to continue providing medium- to long-term upward momentum for gold.

It is worth noting that the management and custody fee rate for Gold ETF Huaxia (518850) and Gold Stock ETF Huaxia (159562), totaling 0.2%, is among the lowest in similar products, helping investors participate in gold market trends at lower costs.

Gold Stock ETF Huaxia(159562), off-market connection A: 021074, connection C: 021075

Gold ETF Huaxia(518850), off-market connection A: 008701, connection C: 008702

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