There is still room for further upward movement in the price of gold
There is still significant room for development in China's gold ETF market. On March 28, 2003, the World Gold Council innovatively launched the world's first gold ETF - Gold Bullion Securities, which was listed and traded on the Australian Stock Exchange. On November 18, 2004, SPDR Gold Trust, the largest and most liquid gold ETF today, landed in the United States and was listed for trading on NASDAQ. The fund is initiated by World Gold Trust Services, a subsidiary of the World Gold Council, with the custodian being Bank of Mellon in New York, responsible for calculating daily net asset value and other daily management. The custodian of gold is HSBC US Branch, and gold will only be sold upon redemption and operating fees. Due to SPDR being the most popular gold ETF in the world, its product characteristics have become the standard for non leveraged gold ETFs.
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