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Guojin Securities: The current market value of gold stocks does not reflect the fact that more gold prices are expected to rise, and there is plenty of room to “make up”
The Zhitong Finance App learned that Guojin Securities released a research report saying that the self-production cost growth rate of gold stocks will slow down in 2023. It is expected that in 2024, when gold prices rise and cost control is relatively stable, gold stocks will perform well, and the current market value of gold stocks does not reflect more expectations of rising gold prices, and there is plenty of room to “make up”. It is expected that gold stocks will usher in the main upward trend. It is recommended to focus on Shandong Gold (600547.SH), China Gold (600489.SH), Yintai Gold (000975.SZ), and Chifeng Gold (600988.SH), Zijin Mining (02899)
Large fund managers are entering the market! Enthusiasm for gold investment is high! Why are fund managers all optimistic?
“Increasing precious metal holdings” has become the consensus of the largest fund managers. Citi's analysis of large fund managers found that 83% of fund managers now go long on precious metals. Meanwhile, gold was the only commodity fund allocators added to their portfolios last month.
Changes in Hong Kong stocks | Gold stocks stopped falling and picked up. Poor PMI data weighed on the dollar and gold prices rebounded after falling sharply
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.
[Broker Focus] CITIC Securities indicates that the escalation of supply disturbances on the mining side will push up copper prices and gold prices are expected to be supported by risk aversion
Jinwu Financial News | CITIC Securities said that domestic copper prices rose 3.2% to 79,000 yuan/ton last week, breaking the pre-May 2021 high; domestic aluminum prices fell 1.9%. Supply disturbances on the copper mine side have once again escalated. The tight supply side of alumina is expected to provide cost support for aluminum prices. Combined with expectations of domestic economic recovery, the copper and aluminum sector is expected to remain strong. It is recommended to focus on: Luoyang Molybdenum Industry (03993), Zijin Mining (02899), etc. As the geographical situation heats up and becomes more complicated, the price of gold is expected to be supported by risk aversion, compounded by the significant improvement expectations shown in the first-quarter performance forecasts of many domestic gold companies. The bank
The situation in the Middle East eased, gold prices plummeted, and gold stocks continued to weaken, China Gold International (02099) fell 3.54%
Jinwu Financial News | Gold stocks continued to weaken. China Gold International (02099) fell 3.54%, Zhaojin Mining (01818) fell 2.78%, Lingbao Gold (03330) fell 3.54%, Zijin Mining (02899) fell 1.42%, and Shandong Gold (01787) fell 1.54%. According to the news, investors' concerns about the situation in the Middle East have abated, risk aversion has cooled down, and gold prices have plummeted. The next evening, New York futures closed at $2346.4 per ounce, down $67.4, or about 2.8%, hitting a new low of more than two weeks.
Gold price diving! Gold futures fell more than $65 per ounce, the biggest drop in more than three years
Gold futures prices plummeted by $65.60 per ounce on Monday, or 2.73%, the biggest one-day decline since February 2021.
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