De-escalation signals trigger sharp gold rebound! E Fund Gold Miners Select Index ETF (02824.HK) gaps up and surges nearly 5%

NewTimeSpace News: Overnight, the U.S. and Iran signaled willingness to cease hostilities. Iranian President Masoud Pezeshkian stated that Iran is willing to end the war, provided its demands are met—particularly guarantees against future aggression. Following the news, spot gold surged past$4,700, whileE Fund Gold Miners Select Index ETF (02824.HK)opened upnearly 5%.

Public filings show the U.S. government has presented Iran with a15-point planto end the conflict, covering nuclear programs, missile capabilities, and regional issues. Washington is reportedly considering aone-month ceasefireto negotiate these terms.

According to HKEX data,E Fund Gold Miners Select Index ETF (02824.HK)tracks theSolactive Global Gold Mining Select Index, covering Hong Kong-listed gold mining companies eligible forStock Connect. Holdings include leading Chinese miners such asZijin Mining, Zhaojin Mining, Shandong Gold, Chifeng Gold,andLingbao Gold.

The fund provides exposure to global gold mining equities, combining commodity attributes with leveraged corporate earnings. With gold prices breaching historic highs, the high-beta characteristics of these "miners' stocks" warrant particular attention.

Sinolink Securitiesnotes that historical patterns show gold typically performs well in stagflationary environments. However, the market had previously focused on pricing in inflation while overlooking economic stagnation pressures. Signs of slowing U.S. growth are emerging, and elevated oil prices could accelerate recession. If economic stagnation coincides with capital market downturns, liquidity expectation gaps may trigger a gold rebound. Longer term, the consensus view of declining U.S. comprehensive national strength could usher in a new gold bull market.

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