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Gold Prices Rebound, Bulls Retain Upper Hand
The performance of the golden industrial concept has been active, and the People's Bank of China has restarted gold purchases after a six-month interval; what does this signal?
Diversification of reserves.
Hong Kong stock movement | chinagoldintl (02099) rose over 4% as the Jiamar Mine is about to resume full production. Institutions are bullish on the upward trend of gold and copper price centers for the year.
Chinagoldintl (02099) rose more than 4%, as of press time, up 4.46%, at 39.8 Hong Kong dollars, with a turnover of 23.9278 million Hong Kong dollars.
Gold Price Analysis
KYG Securities: Initiates a "buy" rating for chinagoldintl (02099) as the Jiamo mine gradually resumes full production.
Kaiyuan Securities expects the total gold production for the year to approach 0.049 million tons, and copper metal production is expected to reach 0.0445 million tons, bullish on the upward trend of gold and copper prices for the year.
Gold Holds Decline Before Jobs Data That May Influence Fed Rates
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