Gold stocks ended a two-day decline and picked up collectively in early trading. As of press release, Zijin Mining (02899) rose 3.92% to HK$16.98; Zhaojin Mining (01818) rose 3.05% to HK$12.16.
The Zhitong Finance App learned that gold stocks ended a two-day decline and picked up collectively in early trading. As of press release, Zijin Mining (02899) rose 3.92% to HK$16.98; Zhaojin Mining (01818) rose 3.05% to HK$12.16; Shandong Gold (01787) rose 2.68% to HK$16.84; and China Gold International (02099) rose 1.87% to HK$46.35.
According to the news, US PMI data is weak, US dollar and US bond yields have declined, and gold prices have rebounded after falling sharply. CITIC Futures believes that precious metals are expected to pull back to the end of the month to the beginning of next month, and there is still investment value in the future. That is, expectations for interest rate cuts within this year may be reversed again, bringing new opportunities for precious metals. Furthermore, US fiscal risk, geographical risk, and global economic growth risk also make precious metals valuable for long-term investments.