Gold has traded choppily and investor uncertainty has reduced gold ETF assets. As of June 3, 14 gold ETFs posted combined net outflows exceeding CNY10bn over the past month. The previously common "buy-the-dip" view is splintering amid the volatility. Market contacts expect short-term price oscillation to persist, but say the core medium-to-long-term case for holding gold remains intact.

2026-06-04

Gold has traded choppily and investor uncertainty has reduced gold ETF assets. As of June 3, 14 gold ETFs posted combined net outflows exceeding CNY10bn over the past month. The previously common "buy-the-dip" view is splintering amid the volatility. Market contacts expect short-term price oscillation to persist, but say the core medium-to-long-term case for holding gold remains intact.