00340 TONGGUAN GOLD
- 0.540
- 0.0000.00%
TONGGUAN GOLD News
Tongguan Gold to Review Mid-Year Results and Dividend
Tongguan Gold (00340.HK) plans to hold a board of directors meeting on August 26 to approve its interim performance.
On August 14th, Gelunhui announced that the board of directors of Tongguan Gold (00340.HK) will hold a board meeting on August 26, 2024 (Monday) at Room 1306, 13th Floor, Bank of America Center, 12 Xiaqu Summer Road, Hong Kong. The meeting will consider and approve the company and its subsidiary's unaudited interim performance and announcement as of June 30, 2024, as well as consider the distribution of interim dividends (if any).
TONGGUAN GOLD: NOTICE OF BOARD MEETING
Gold Within Striking Distance of All-time High, but Temporary Price Slide Remains Mysterious – Commerzbank
Stocks Stall as Gold and Oil 'Tinderbox Hedges' Dominate Trading
Gold: CTA Positioning Remains Near Its Effective 'Max Long' Position Size – TDS
Top Three US Election Gold Trading Tips [Video]
Gold: Long Liquidations to Weigh on Prices – TDS
Gold: CTAs Return to the Offer in Gold Markets – TDS
Gold: A Revisit of the $2400/oz Range Can Spark a Sell-off – TDS
Gold: An Acute Risk of a Widespread Deleveraging Event – TDS
Gold Hits Fresh Record, Topping $2,500 an Ounce
Is gold hedging an asset or a liability?
Looking to the future, if the price of gold continues to rise, a significant portion of the current total hedge position will become a liability for the company. Rolling over or settling some or all hedge contracts will become a more common phenomenon.
Gold Prices Rise on Fed Rate Cut Hopes
Northeast Securities: Interest rate reduction transactions are nearing the end, with short-term fluctuations in gold prices and long-term value configuration highlights.
In the short term, interest rate cuts still have some trade value, but they are also nearing the end. Before the market finds new trading directions, there may be a stage of logic vacuum. At the same time, Harris' candidacy may add uncertainty to the election, thereby affecting Trump's trade. The short-term volatility of gold prices may increase.
Sharp Rise in Demand for Gold in India After Tax Cut – Commerzbank
World Gold Council: Q2 gold jewelry consumer demand in China decreased by 18% year-on-year, but investment demand remains strong.
Due to the skyrocketing gold prices and economic slowdown, China's jewelry demand in the second quarter of 2024 hit a new low at the same period since 2009, only 86 tons; China's gold jewelry consumption in the first half of the year also decreased by 18% year-on-year, to 270 tons.
"Victory" over the US Dollar! MLIV Pulse survey: Gold is the best "Trump trade".
According to the latest MLIV Pulse survey, gold is the best hedge investment portfolio if Trump wins the election again.
Hong Kong stocks are volatile. Golden industrial concept ranks first in terms of decline, with chinagoldintl falling more than 8%. International gold prices continue to fall.
As of press time, the stocks of gold companies are leading the decline, with Chinagoldintl (02099) down 8.48% to HKD 42.1, Lingbao Gold (03330) down 6.61% to HKD 3.11, SD Gold (01787) down 5.46% to HKD 15.94, and Zijin Mining Group (02899) down 4.46% to HKD 15.
Goldman Sachs: For every 10% drop in gold price, physical gold demand in China rises 16%, and gold prices are expected to remain at 2700 next year.
Goldman Sachs believes that physical gold demand still dominates the Chinese market, and Chinese consumers may play a key role in pushing up gold prices. There is still more than 12% room for gold prices to rise next year, and expectations of a Fed rate cut and demand from central banks around the world will also help boost gold prices.
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