CSOP Gold 2x(07299.HK) down 0.47%, PBoC gold buys for 23rd month

NewTimeSpace News:As of 13:20 HKT on October 8, 2026, the CSOP Gold Futures Daily (2x) Leveraged Product (07299.HK) traded at HKD 21.080, down 0.47%, with a turnover of HKD 4.9854 million and a turnover rate of 0.34%.

NewTimeSpace has learned that the product is managed by CSOP Asset Management and is a leveraged index product providing daily 2x leveraged exposure to the Solactive Gold 1-Day Rolling Futures Index. As of 13:20 HKT on October 8, it had assets of HKD 1.477 billion, a unit NAV of HKD 20.915 and a board lot of 100 units.

Data published by the People's Bank of China showed China's gold reserves stood at 77.47 million ounces at end-September, up 740,000 ounces from August and marking a 23rd straight month of increases. Separately, the World Gold Council said global gold ETFs drew USD 10 billion in September, lifting third-quarter inflows to a record USD 31 billion, with holdings up 67 tonnes to 4,256 tonnes.

Industrial Securities said in research on non-ferrous metals and multi-asset allocation that the recent acceleration in gold's decline was mainly driven by rising real rates, with selling pressure coming largely from leveraged funds while gold ETFs kept buying.

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