Gold stock ETFs, Ping An Trading is active, and institutions are optimistic that the gold price center will continue to rise.

As of 10:31 on April 3, 2026, the component stocks of the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index(931238) saw mixed gains and losses. Shenyu Co., Ltd. led the gains, rising 0.63%; China Gold Corporation rose 0.49%; and Shandong Gold rose 0.02%. Dengyun Co., Ltd. led the declines. The latest quote for the Ping An Gold Stock ETF(159322) is 1.8 yuan.

In terms of liquidity, the Ping An Gold Stock ETF saw an intraday turnover rate of 0.98%, with trading volume of 2.2461 million yuan. Looking over a longer period, as of April 2, the Ping An Gold Stock ETF’s average daily trading volume over nearly one month was 19.1443 million yuan.

On the news front, in recent times, gold prices have shown a stronger-than-usual range-bound pattern under the combined impact of geopolitical disturbances and a weaker US dollar. Experts expect that in the second quarter, the gold price trend will mainly focus on range-bound base-building and range-bound repairs.

Shenwan Hongyuan Futures noted that while easing signals released by the US-Iran conflict have temporarily alleviated market panic, the overall trend of raising the “center of gravity” of geopolitical risk has not changed. Combined with intensifying concerns about the long-term sustainability of the US fiscal situation, as well as Trump’s frequent interventions in the independence of the Federal Reserve, the global “de-dollarization” process continues to deepen. This is driving central banks in various countries to increase their gold reserves over the long term and supporting the continuous rise of the gold price “center.”

The Ping An Gold Stock ETF closely tracks the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index. The CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index selects 50 listed-company securities from the mainland and Hong Kong markets, with relatively large market values and businesses involving gold mining, smelting, and sales, as index samples, in order to reflect the overall performance of the securities of gold-industry listed companies in the mainland and Hong Kong markets.

Data shows that as of March 31, 2026, the top ten weightings of the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index(931238) were, respectively, Zijin Mining, China Gold, Shandong Gold, Chifeng Gold, Shanjin International, Zhaojin Mining, Hunan Gold, Zijin Gold International, Shandong Gold, and Zijin Mining, and the combined share of the top ten weightings was 63.63%.

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