Amid the de-dollarization wave, gold regains its bullish momentum as Hang Seng Gold ETF (03170.HK) surges over 9% in afternoon trading

NewTimeSpace News: Fueled by mounting global risk aversion and accelerating de-dollarization trends, gold prices have surged with unstoppable momentum. International gold prices officially breached the $5,500 per ounce threshold today (29th), rewriting historical highs once again. Hang Seng Gold ETF (03170.HK) jumped over 9% in afternoon trading.

According to Hong Kong Exchanges and Clearing data, Hang Seng Gold ETF (03170.HK) is a physically-backed gold exchange-traded fund launched by Hang Seng Investment Management Limited on the Main Board of the Hong Kong Stock Exchange on January 29, 2026. It marks a significant milestone for Hong Kong's financial market advancing toward the Web3.0 era, and stands as one of the most innovative gold allocation instruments 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 is approximately HKD 16, with a board lot size of merely 50 fund units. The entry threshold is as low as HKD 800, significantly below the capital required for traditional physical gold bar investments (typically starting from tens of thousands of yuan), offering retail investors exceptional accessibility.

Goldman Sachs forecasts gold prices to reach $5,400 per ounce by December 2026, with potential to hit $6,000 per ounce in spring. Emerging market central banks have undergone a structural shift in gold purchasing behavior. Since the 2022 geopolitical crisis led to the freezing of Russian reserves, reserve managers' trust in the safety of dollar-denominated assets has developed cracks. Goldman Sachs expects central bank gold purchases to maintain a historical high of 60 tons per month in 2026.

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