The E Fund Gold Mining ETF (02824) rose more than 3%, with an increase of 3.14% as of the time of writing, reaching 12.15 Hong Kong dollars, with a turnover of 2.942 million Hong Kong dollars. On the news front, the international gold price rebounded from its low point, with spot gold briefly returning to the $4770 level this morning. HuaXi Securities analysis believes that the core logic of the current gold bull market lies in the systematic decline of the US dollar's international status. The continued decline in trust in the US dollar by the international community has formed a historical trend, which will provide long-term support for gold prices. The structural problems in the US GDP are prominent, making it difficult for interest rate cuts to have a substantial impact, further strengthening gold's safe-haven properties. It is reported that the E Fund Gold Mining ETF closely tracks the Solactive Global Gold Mining Select Index, which covers 30 leading stocks in the gold industry in China, Canada, the United States, and Australia, including domestic giants like Zijin Mining and Zhaojin Mining, as well as overseas high-quality assets like Newmont and Barrick Mining.