On the afternoon of September 18, 2026, the Bosera Gold ETF tracking index AU9999 rose 0.86%, after gaining more than 1% earlier in the morning. Yesterday, spot gold surged by over $100 during the day, and today spot gold hit a high of $4,365, currently trading around $4,340. Market analysts believe there are three core reasons for gold's counter-trend rebound after the Fed rate hike: the market had already priced in the rate hike expectations, and after the positive news materialized, bulls took profits; a slight pullback in international oil prices led to marginal cooling of inflation expectations, while US Treasury yields came under pressure and dragged down the dollar; safe-haven funds were diverted, with the long-term logic of central banks continuing to buy gold combined with repeated geopolitical sentiment, driving funds back into gold assets. OCBC strategist Christopher Wong said US Treasury yields are correcting their previous overreaction, providing support for gold, but elevated Treasury yields and the dollar will still limit gold's upside in the short term. Founder Securities maintains a neutral-to-bullish medium- and long-term view on gold, expecting safe-haven funds to position after the rate hike; Guolian Minsheng Securities also noted that gold prices are under short-term pressure from Fed rate hike expectations, but the long-term bullish trend remains unchanged. In terms of capital inflows, the Bosera Gold ETF saw net inflows on 4 of the past 5 trading days, totaling 89.76 million yuan, with an average daily net inflow of 17.95 million yuan.
Guangdong Dongfang Precision Science & Technology Co Ltd
Guolian Securities Co Ltd
Founder Securities Co Ltd
