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Gold Prices Hit 1-mth High After Soft CPI Data Dents Dollar
International gold prices have surpassed 2,700 dollars, with LINGBAO GOLD leading the Hong Kong stock market's Golden Industrial Concept.
① What is the reason for the overnight rise in international gold prices? ② Is there another reason for Zijin Mining Group's rebound after a decline?
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Golden Industrial Concept rises overall. LINGBAO GOLD (03330) increases by 6.03%. UBS Group expects the gold rally to continue in 2025.
Jinwu Financial News | The Golden Industrial Concept stocks are rising, as of the time of this report, LINGBAO GOLD (03330) is up 6.03%, Zijin Mining Group (02899) is up 2.45%, TONGGUAN GOLD (00340) is up 2.13%, and SD GOLD (01787) is also following suit. In terms of news, UBS Group released a Research Report indicating that the upward trend in gold prices is expected to continue this year. According to forecast data, UBS Group has adjusted its annual average price forecast for gold, lowering the 2025 expectation from the previous $2,885 per ounce to $2,800 per ounce, but still maintains a high level, with respective upside and downside potential.
Goldman Sachs Delays $3,000 Gold Forecast, Sees Fewer Rate Cuts In 2025
潜伏 : Although it has increased several times, it didn't take long for the company to transform the gold market before it began to be profitable