Spot gold reclaims $4,500! E Fund Gold Miners Select Index ETF (02824.HK) surges nearly 6% at the open.

NewTimeSpace News: Spot gold skyrocketed to $4,500 as global assets rallied on news that the U.S. is seeking a one-month ceasefire with Iran to discuss a 15-point agreement. E Fund Gold Miners Select Index ETF (02824.HK) surged nearly 6% at the open.

Public information shows the U.S. government has presented Iran with a 15-condition proposal to end the conflict, covering nuclear programs, missile capabilities, and regional issues. The White House is reportedly considering pushing for a 30-day truce to negotiate these terms.

According to HKEX data, E Fund Gold Miners Select Index ETF (02824.HK) tracks the Solactive Global Gold Miners Select Index, covering Hong Kong-listed gold mining companies eligible for Stock Connect. Current holdings include Chinese giants such as Zijin Mining, Zhaojin Mining, Shandong Gold, Chifeng Gold, and Lingbao Gold.

The fund offers exposure to global gold mining equities, combining commodity characteristics with leveraged earnings potential from stocks. Against the backdrop of gold hitting fresh all-time highs, the high-beta "miners" feature warrants particular attention.

On March 24, Shaokai Fan, Global Head of Central Banks at the World Gold Council, stated that gold's role as a hedge against de-dollarization and geopolitical risks is expected to drive central banks—previously absent from the market—to purchase the precious metal this year. He noted that in recent months, central banks from Guatemala, Indonesia, and Malaysia have begun accumulating gold, with some returning after prolonged absences and others making maiden purchases.

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