Jinwu Financial News | Most gold stocks rose, with Zhaojin Mining (01818) up 5.11%, China Gold International (02099) up 3.54%, Shandong Gold (01787) up 2.88%, and Zijin Mining (02899) rising 0.92%.
Tianfeng Securities believes that short-term repetition of US economic and employment data may cause back-and-forth fluctuations in gold prices, but as the negative impact of the high interest rate environment on the economy gradually becomes apparent, the rise in US bond yields may be nearing its end, supporting gold prices in the medium term.