Yongying Gold Mining Stocks ETF (517520) Falls 5.13% in Early Trading; Spot Gold Drops Below $4,350 per Ounce

NewTimeSpace News: As of 10:48 on March 23, 2026, Yongying Gold Mining Stocks ETF (517520) fell 5.13%, with the latest price at 2.07 yuan. Looking at a longer time frame, as of March 20, 2026, Yongying Gold Mining Stocks ETF has cumulatively increased 5.82% over the past three months, ranking 3rd out of 6 comparable funds in terms of gains. (The stocks listed above are index constituents only, with no specific recommendation intended.)

In terms of liquidity, Yongying Gold Mining Stocks ETF recorded an intraday turnover rate of 3.29%, with trading volume reaching 405 million yuan. Looking at a longer time frame, as of March 20, the ETF's average daily trading volume over the past month was 688 million yuan, ranking first among comparable funds. (Data source: Wind)

In terms of scale, Yongying Gold Mining Stocks ETF's assets under management grew by 1.592 billion yuan over the past six months, achieving significant growth, with the new scale ranking 2nd out of 6 comparable funds. (Data source: Wind)

In terms of shares, Yongying Gold Mining Stocks ETF's share count increased by 3.673 billion shares over the past year, achieving significant growth, with the new shares ranking 1st out of 6 comparable funds. (Data source: Wind)

Regarding capital flows, Yongying Gold Mining Stocks ETF recorded a net capital outflow of 370 million yuan most recently. Looking at a longer time frame, over the past 15 trading days, there were 8 days of net capital inflows, totaling 93.7622 million yuan in "capital attraction," with an average daily net inflow of 6.2508 million yuan. (Data source: Wind)

Data shows that leveraged funds continue to build positions. Yongying Gold Mining Stocks ETF's latest margin purchase amount reached 10.7573 million yuan, with the latest margin balance at 246 million yuan. (Data source: Wind)

As of March 20, Yongying Gold Mining Stocks ETF's net value has risen 66.06% over the past year, ranking first among comparable funds, and ranking 99th out of 3,625 index equity funds, placing it in the top 2.73%. In terms of return capability, as of March 20, 2026, since its inception, Yongying Gold Mining Stocks ETF's highest monthly return was 39.65%, the longest consecutive rising period was 4 months, the longest consecutive rising gain was 40.27%, the ratio of rising to falling months was 15/13, the average return rate during rising months was 11.43%, the annual profit percentage was 100.00%, the monthly profit probability was 60.39%, and the historical 2-year holding profit probability was 100.00%. As of March 20, 2026, Yongying Gold Mining Stocks ETF's annualized excess return over the benchmark over the past year was 1.51%, ranking 1st out of 6 comparable funds.

As of March 20, 2026, Yongying Gold Mining Stocks ETF's Sharpe ratio over the past year was 1.64, ranking in the top 2 out of 6 comparable funds, indicating higher returns for the same level of risk.

In terms of drawdown, as of March 20, 2026, Yongying Gold Mining Stocks ETF's relative benchmark drawdown since inception was 1.86%.

In terms of fees, Yongying Gold Mining Stocks ETF has a management fee of 0.50% and a custody fee of 0.10%, representing a relatively low fee structure among comparable funds.

In terms of tracking accuracy, as of March 20, 2026, Yongying Gold Mining Stocks ETF's tracking error over the past six months was 0.044%, demonstrating the highest tracking precision among comparable funds.

Yongying Gold Mining Stocks ETF closely tracks the CSI SH-HK Gold Industry Stock Index. The CSI SH-HK Gold Industry Stock Index selects 50 listed company securities with larger market capitalization and business involvement in gold mining, smelting, and sales from the Mainland and Hong Kong markets as index samples to reflect the overall performance of gold industry listed company securities in the Mainland and Hong Kong markets.

On the news front, spot gold and spot silver both fell sharply. Spot gold dropped below $4,350 per ounce, falling more than 3% intraday. Spot silver dropped below $65 per ounce, falling more than 3% intraday.

Guosheng Securities stated that the initial escalation of the Iran situation drove both the US dollar and oil prices higher, with market expectations for rate hikes warming rapidly, causing gold prices to turn from rising to falling and break through key levels. However, if geopolitical conflicts continue to ferment and oil prices break through critical thresholds, investors will pay more attention to stagflation risks. Combined with the currently weak economic fundamentals and global fiscal unsustainability, even if major central banks raise rates, they will face constraints. The upward slope of inflation is expected to exceed the rate hike slope, and gold will regain its strength. The institution explicitly indicates that gold has entered the left-side hitting zone.

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.