PBOC Extends Gold Buying Streak to 15 Consecutive Months; E Fund Gold Miners Select Index ETF (02824.HK) Surges Over 6% in Afternoon Trading

NewTimeSpace News: According to data from the People's Bank of China, China's gold reserves stood at 74.19 million troy ounces at the end of January, up from 74.15 million troy ounces at the end of December 2025, marking the 15th consecutive month of gold purchases. On February 9,E Fund Gold Miners Select Index ETF(02824.HK) surged over 6% in afternoon trading, with cumulative gains exceeding 16% over the past five trading sessions.

Data from the Hong Kong Stock Exchange shows thatE Fund Gold Miners Select Index ETF(02824.HK) tracks the Solactive Global Gold Miners Select Index, which covers gold mining companies listed on the Hong Kong Stock Exchange that are eligible for Stock Connect trading. The fund currently includes leading Chinese miners such as Zijin Mining, Zhaojin Mining, Shandong Gold, Chifeng Gold, and Lingbao Gold.

Anchored in global gold mining equity assets, the fund combines commodity exposure with equity earnings leverage. Against the backdrop of gold prices breaking historical highs, the high-beta characteristics of these "miners' stocks" warrant particular attention.

Guosheng Securities noted that the PBOC's accelerated gold purchases in January provided a strong catalyst for precious metals. Additionally, the world's largest silver ETF added 1,000 tonnes on a single day on February 3, representing the third-largest daily increase on record, indicating that medium-to-long-term capital remains bullish on precious metals prospects. The strategic reserve value of copper should also be emphasized. With international tensions persisting and macro policies resonating, aluminum prices are expected to oscillate in the near term. (Source: Guosheng Securities, February 8, 2026, "Non-Ferrous Metals Industry Weekly: Short-Term Macro Sentiment Fluctuates, Yet the Long-Term Bull Market Remains Intact")

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