Inflation Risks Weigh on Gold, Price Tumbles Below $5,100! E Fund Gold Miners Select Index ETF (02824.HK) Plunges Over 3.5% at the Open

NewTimeSpace News: Yesterday, escalating geopolitical conflicts drove oil prices higher again, increasing inflation risks. The U.S. Dollar Index surged to 99.41 at one point, pressuring gold prices to pull back. By market close, COMEX gold futures fell 0.81% to $5,093.30 per ounce. E Fund Gold Miners Select Index ETF (02824.HK) plunged over 3.5% at the open, extending its decline to over 10% across the past five trading sessions.

HKEX data shows that E Fund Gold Miners Select Index ETF (02824.HK) tracks the Solactive Global Gold Mining Select Index, covering Hong Kong-listed gold mining companies eligible for Stock Connect, including leading Chinese miners such as Zijin Mining, Zhaojin Mining, Shandong Gold, Chifeng Gold, and Lingbao Gold.

The fund anchors global gold mining equity assets, combining commodity exposure with equity earnings leverage. Against the backdrop of gold prices hitting historic highs, the high-beta characteristics of these "miners' stocks" warrant particular attention.

On the news front, Fed rate-cut expectations have been dampened by geopolitical shocks. According to the CME FedWatch Tool on March 5, the market is now pricing in a 13.7% probability that the Federal Reserve will not cut rates at all this year.

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