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.
金價週二創歷史新高，商品價格飆升至每盎司2460美元以上，該商品在該交易日上漲1.7%，受到各投資者的關注，他們相信聯儲局將在9月會議上降息。
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.
傑羅姆·鮑威爾週一在華盛頓經濟俱樂部的採訪中的講話似乎消除了有關降息開始的最後疑慮，聯儲局主席自信地歡迎了第二季度最新的通脹報告。
"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.
鮑威爾表示：“我們現在已經有了三個更好的讀數。如果你平均它們，它的速度相當不錯，”他進一步暗示，如果勞動力市場情況意外惡化，聯儲局將願意通過降低利率來採取行動。
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工具顯示，聯儲局期貨正在全額定價九月會議的利率削減，將25個點子的賠率提高到93.3％，將50個點子的賠率提高到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.
週二，10年期國債收益率下降了7個點子，至4.16％，目視自3月中旬以來最低收盤價。黃金價格上漲和國債收益率下降引發了黃金礦業股的上漲。
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）週二飆升3.3％，達到2022年4月21日以來的最高水平。自2024年2月低點以來，其上漲幅度已經擴大到55％。
Chart: Gold Mining ETF Reaches Levels Unseen In 27 Months
圖表：黃金礦業ETF達到27個月以來的水平
Image: Benzinga Pro
圖片來源：Benzinga Pro
Bank Of America Predicts Strong Gold Miner Earnings
美國銀行預測黃金礦業股的收益強勁
"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.
美國銀行分析師勞森·溫德寫道：“隨着黃金價格的急劇上漲，我們認爲該行業的資本配置將得到更多關注。”
Winder suggested that companies in the mining sector might increase dividends or buy back shares to boost stock value.
溫德建議礦業企業可以通過增加股息或回購股票來提高股價。
He emphasizes the importance of second-quarter guidance updates, noting that positive guidance can lead to substantial outperformance.
他強調了第二季度業績預期更新的重要性，指出積極的預期指導可以導致可觀的業績表現。
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.
溫德還預計將關注有機生產增長和潛在收購，特別是考慮到企業收購活動的放緩以及在Newmont Corp.（NYSE：NEM）收購Newcrest Mining之後可出售的資產的可用性。
Tuesday's Movers Among Gold Miners
週二黃金礦業股中的活躍股票
Tuesday's leading performers within the VanEck Gold Miners ETF were:
週二在VanEck Gold Miners ETF中表現最好的公司有：
| 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 |
| 證券名稱 | 1日回報率（％） |
| 南非和諧黃金礦業有限公司（NYSE：HMY） | 14.44 |
| DRDGOLD Limited（NYSE：DRD） | 10.51 |
| 第一銀牛股份有限公司（NYSE：AG） | 5.19 |
| 金田有限公司（NYSE：GFI） | 5.01 |
| Barrick Gold Corporation (NYSE:GOLD) | 4.60 |
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Photo via Shutterstock.
圖片來自shutterstock。