Gold stocks rose collectively. As of press release, Lingbao Gold (03330) rose 3.94% to HK$3.43; Zhaojin Mining (01818) rose 3.79% to HK$13.16; and Zijin Mining (02899) rose 3.61% to HK$15.48.
The Zhitong Finance App learned that gold stocks rose collectively. As of press release, Lingbao Gold (03330) rose 3.94% to HK$3.43; Zhaojin Mining (01818) rose 3.79% to HK$13.16; Zijin Mining (02899) rose 3.61% to HK$15.48; and China Gold International (02099) rose 3.43% to HK$42.25.
According to the news, the number of jobless claims in the US at the beginning of the week ending August 3 was 0.233 million, lower than the expected 0.24 million. The drop hit the biggest drop in nearly a year, easing market concerns about the US recession, and traders cut expectations for the Fed to cut interest rates by 50 basis points in September. Furthermore, the geographical situation in the Middle East remains tense, and the assassination of Hamas political leader Haniya has brought more uncertainty to a potential cease-fire agreement between Israel and Hamas.
Currently, spot gold has once again reached the 2,400 US dollar mark. The agency pointed out that in the short to medium term, the trend in US economic data is weakening, expectations of interest rate cuts are rising, and the price of gold has reached a record high. On a long-term perspective, a new paradigm framework is about to emerge. The long-term center of gold is expected to continue to rise under the strong purchase of funds by the central bank, growth in US currency supply, and changes in the geographical situation. Under the resonance of old and new paradigms, the performance of gold-related companies is expected to gradually achieve growth.