Gold Miners Hit 27-Month Peak, Bullion Breaks Record As Traders Decide September Rate Cut As Good As Done
Gold Miners Hit 27-Month Peak, Bullion Breaks Record As Traders Decide September Rate Cut As Good As Done
Gold reached new all-time highs Tuesday, with the commodity soaring above $2,460 per ounce and showcasing a robust 1.7% gain for the session, driven by heightened investor convictions that the Fed will cut interest rates at its September meeting.
金价周二创历史新高，商品价格飙升至每盎司2460美元以上，该商品在该交易日上涨1.7%，受到各投资者的关注，他们相信美联储将在9月会议上降息。
Jerome Powell's remarks during his interview at the Economic Club of Washington Monday appear to have dispelled the last doubts about the start of rate cuts after the Fed chair confidently welcomed the latest inflation reports for the second quarter.
杰罗姆·鲍威尔周一在华盛顿经济俱乐部的采访中的讲话似乎消除了有关降息开始的最后疑虑，美联储主席自信地欢迎了第二季度最新的通胀报告。
"We've had now three better readings. And if you average them, it's a pretty good pace," Powell said. He further hinted the Fed would be willing to act by lowering interest rates if labor market conditions unexpectedly weaken.
鲍威尔表示：“我们现在已经有了三个更好的读数。如果你平均它们，它的速度相当不错，”他进一步暗示，如果劳动力市场情况意外恶化，美联储将愿意通过降低利率来采取行动。
Fed futures indicate traders are fully pricing in a rate cut at the September meeting, placing 93.3% odds of a 25-basis-point cut and a marginal 6.7% chance on a larger 50-basis-point cut, according to the CME Group's FedWatch tool.
CME Group的FedWatch工具显示，美联储期货正在全额定价九月会议的利率削减，将25个基点的赔率提高到93.3％，将50个基点的赔率提高到6.7％。
Yields on the 10-year Treasury note dropped by 7 basis points Tuesday to 4.16%, eyeing the lowest close since mid-March. The rise in gold and the reduction in Treasury yields spurred a rally in gold mining stocks.
周二，10年期国债收益率下降了7个基点，至4.16％，目视自3月中旬以来最低收盘价。黄金价格上涨和国债收益率下降引发了黄金矿业股的上涨。
The VanEck Gold Miners ETF (NYSE:GDX) soared by 3.3% on Tuesday, achieving its highest level since April 21, 2022. Its rally since the lows of February 2024 has now extended to 55%.
VanEck Gold Miners ETF（NYSE：GDX）周二飙升3.3％，达到2022年4月21日以来的最高水平。自2024年2月低点以来，其上涨幅度已经扩大到55％。
Chart: Gold Mining ETF Reaches Levels Unseen In 27 Months
图表：黄金矿业ETF达到27个月以来的水平
Image: Benzinga Pro
图片来源：Benzinga Pro
Bank Of America Predicts Strong Gold Miner Earnings
美国银行预测黄金矿业股的收益强劲
"With the sharp and sustained move higher in gold prices, we think that there will be an increased focus on capital allocation in the sector," wrote Bank of America analyst Lawson Winder.
美国银行分析师劳森·温德写道：“随着黄金价格的急剧上涨，我们认为该行业的资本配置将得到更多关注。”
Winder suggested that companies in the mining sector might increase dividends or buy back shares to boost stock value.
温德建议矿业企业可以通过增加股息或回购股票来提高股价。
He emphasizes the importance of second-quarter guidance updates, noting that positive guidance can lead to substantial outperformance.
他强调了第二季度业绩预期更新的重要性，指出积极的预期指导可以导致可观的业绩表现。
Winder also expects a focus on organic production growth and potential acquisitions, especially given the slowdown in corporate acquisition activity and the availability of assets for sale following Newmont Corp. (NYSE:NEM)'s acquisition of Newcrest Mining.
温德还预计将关注有机生产增长和潜在收购，特别是考虑到企业收购活动的放缓以及在Newmont Corp.（NYSE：NEM）收购Newcrest Mining之后可出售的资产的可用性。
Tuesday's Movers Among Gold Miners
周二黄金矿业股中的活跃股票
Tuesday's leading performers within the VanEck Gold Miners ETF were:
周二在VanEck Gold Miners ETF中表现最好的公司有：
| Security Name | 1-day Return (%) |
| Harmony Gold Mining Company Limited (NYSE:HMY) | 14.44 |
| DRDGOLD Limited (NYSE:DRD) | 10.51 |
| First Majestic Silver Corp. (NYSE:AG) | 5.19 |
| Gold Fields Limited (NYSE:GFI) | 5.01 |
| Barrick Gold Corporation (NYSE:GOLD) | 4.60 |
| 证券名称 | 1日回报率（％） |
| 南非和谐黄金矿业有限公司（NYSE：HMY） | 14.44 |
| DRDGOLD Limited（NYSE：DRD） | 10.51 |
| 第一银牛股份有限公司（NYSE：AG） | 5.19 |
| 金田有限公司（NYSE：GFI） | 5.01 |
| Barrick Gold Corporation (NYSE:GOLD) | 4.60 |
Read Now:
立即阅读：
- US Economy Cools Down, Europe Heats Up: International Monetary Fund Flags Sticky Inflation, Worrisome National Debt
- 美国经济放缓，欧洲经济升温：国际货币基金组织标志着棘手的通胀和令人担忧的国家债务。
Photo via Shutterstock.
图片来自shutterstock。