According to the app of Wisdom Finance, golden stocks rebounded today. As of the time of publication, Lingbao Gold (03330) rose 3.17% to HKD 2.93; Zhaojin Mining (01818) rose 2.52% to HKD 13; Zijin Mining (02899) rose 2.01% to HKD 16.28; Shandong Gold (01787) rose 1.3% to HKD 15.56.
On the news front, the price of gold rebounded more than 1% on Thursday, and the spot gold rose 1.27%, closing at $2327.30/ounce. In terms of economic data, the annualized quarterly core PCE price index for the first quarter in the United States recorded a final value of 3.7%, higher than the previous value and market expectations of 3.6%; the final annualized quarterly real GDP for the first quarter in the United States was revised up to 1.4%, while the final quarterly value of actual personal consumption expenditures in the first quarter in the United States was sharply revised down to 1.5%, lower than the previous value and market expectations of 2%.
In addition, Raphael Bostic, the president of the Atlanta Fed, said that inflation is developing in the "right direction", and interest rates may be cut in the fourth quarter, and it is expected that there will be four interest rate cuts in 2025, each time by 25 basis points. The market is currently focused on the upcoming core PCE data. It is expected that the annual rate of core PCE inflation will drop from 2.8% in April to 2.6%.