Gold prices surged past $5,600 per ounce, hitting fresh all-time highs. Riding on this momentum, the Hang Seng Gold ETF (03170.HK) opened sharply higher, jumping over 8% at the opening bell with active trading and significantly expanded turnover.

NewTimeSpace Insights: Gold prices extended their bullish momentum, with COMEX gold futures surging to an intraday high of $5,626 per ounce, notching fresh all-time highs. The yellow metal has rallied over 27% year-to-date since the start of 2026. The Hang Seng Gold ETF (03170.HK) opened sharply higher, jumping more than 8%.

According to Hong Kong Exchanges and Clearing data, the Hang Seng Gold ETF (03170.HK) is a physically-backed gold exchange-traded fund launched by Hang Seng Investment Management Limited on January 29, 2026, on the Main Board of the Stock Exchange of Hong Kong. This marks a significant milestone in Hong Kong's financial market evolution toward the Web3.0 era and stands as one of the most innovative gold allocation tools in the recent Hong Kong stock market.

The fund adopts a physical asset-backed model, with each fund unit fully supported by physical gold bars stored in designated vaults in Hong Kong. Based on pre-listing reference data, the net asset value per unit stands at approximately HKD 16, with a minimum trading lot of merely 50 fund units—translating to an entry threshold as low as HKD 800. This represents a dramatic reduction from the capital typically required for physical bullion investments (usually tens of thousands of yuan), offering retail investors exceptional accessibility.

Tebon Securities noted that the precious metals sector continues to demonstrate strength, with the U.S. Dollar Index declining rapidly in recent sessions, providing evident support from macro liquidity. The market remains in the Federal Reserve's rate-cutting cycle, with declining real interest rates enhancing the allocation value of precious metals. Furthermore, recent geopolitical risk events may reinforce the safe-haven appeal of precious metals. From a medium-to-long-term perspective, factors including the restructuring of the global monetary credit system, escalating geopolitical risks, and shifting asset allocation logic may continue to drive the precious metals rally. (Source: Tebon Securities, "Strategy Commentary: Precious Metals Hit New Highs," January 26, 2026)

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.