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Is Shandong Gold Mining Co., Ltd. (SHSE:600547) Trading At A 27% Discount?
Gold's Biggest Boom In Decades—And Investors Are Still Missing Out
Geopolitical conflicts stimulate Hong Kong stocks, with Chifeng Jilong Gold Mining rising 9% to lead the market.
① Will the short-term stimulus of geopolitical conflicts on Gold stocks last? ② Can the trend of central bank gold purchases offset short-term market fluctuations?
The situation in the Middle East has escalated, with spot Gold reaching a new high since May 8, and Institutions are Bullish on the upward trend of Gold.
Israel has launched an attack on Iran, and the situation has further escalated.
The specter of oil prices at $130 re-emerges! The war in Iraq triggers nuclear-level safe-haven Trades, as Gold makes a comeback and aims to challenge $3500. Iran's counterattack may become the next flashpoint.
The "safe-haven rush" is back! Israel's airstrikes on Iran are reshaping the financial markets: safe-haven Assets are rising together! Crude Oil Product is soaring violently, and global stock markets have suffered heavy losses.
Gold stocks were strong at the start, with Chifeng Jilong Gold Mining (06693) rising 8.82%. The tense geopolitical situation is pushing up gold prices.
Jinwu Finance | Gold stocks started strong; as of the time of writing, Chifeng Jilong Gold Mining (06693) rose by 8.82%, SD GOLD (01787) rose by 7.39%, LINGBAO GOLD (03330) rose by 6.06%, CHI SILVER GP (00815) rose by 5.32%, ZHAOJIN MINING (01818) rose by 5.28%, and TONGGUAN GOLD (00340) rose by 4.63%. On the news front, according to CCTV News, Israel launched an attack on Iran early in the morning on the 12th local time. According to reports from the Central Broadcasting Station, continuous explosions were heard in Tehran, the capital of Iran. The tense geopolitical situation is driving up gold prices.