CSOP Gold Futures 2x(07299.HK) up 1.04%, China gold imports top 1,000t

NewTimeSpace News: International gold prices have traded in a range after retreating more than 20% from a record high set in January, the CSOP Gold Futures Daily (2x) Leveraged Product(07299.HK) rose 1.04% intraday as of 10:26 on September 23, 2026, quoted at HK$23.380, with turnover of HK$3.1835 million and a turnover rate of 0.20%.

NewTimeSpace understands that the product, managed by CSOP Asset Management, uses daily 2x leverage to track the Solactive Gold 1-Day Rolling Futures Index and is a leveraged index product. As of 10:26 HKT on September 23, 2026, it had assets of HK$1.595 billion, a net asset value of HK$23.389 per unit and a board lot of 100 units; it listed on June 5, 2020.

On the news front, citing data from China's General Administration of Customs, that China's gold imports exceeded 1,000 tonnes in the first eight months of 2026, surpassing the imported in the whole of 2025 and marking the highest level for the period since records began in 2017, World Gold Council data showed that global gold ETFs drew net inflows of about US$18 billion in August, the second-largest monthly inflow on record, lifting total holdings to a record 4,189 tonnes.

UBS said in a research note that central bank demand remains a key pillar for gold prices, with reserve managers using gold to diversify portfolios and hedge against inflation, geopolitical risks and uncertainty over the accessibility of reserve assets.

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