The E Fund Gold Mining ETF (02824) fell more than 4% during trading hours, dropping 3.54% to 11.73 Hong Kong dollars at the time of writing, with a turnover of 3.2416 million Hong Kong dollars. On the news front, the gold price in April entered a period of continuous volatility. Tao Dong, President and Chief Economist of Freshwater Springs (Hong Kong), believes that some countries in the Middle East need to sell a portion of their reserve assets to support daily fiscal expenditures, social welfare spending, as well as future infrastructure development and post-war reconstruction. This process may take some time, so the pressure on the price of gold in the short term is unlikely to end soon, and investors need to be prepared. Public information shows that the E Fund Gold Mining ETF (02824) was officially listed on the Hong Kong Stock Exchange on January 30th this year. The E Fund Gold Mining ETF aims to closely track the Solactive Global Gold Mining Select Index, which has accumulated a growth rate of 324.8% since the base date, 2-3 times that of London gold and Shanghai gold during the same period. Leveraging the profit change leverage effect brought by the fixed cost nature of gold mining enterprises, it can be called a "gold price amplifier."