No Data
No Data
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.
Does the Rally in Gold Still Have Room to Run? – TDS
Huili: bullish on gold's performance in the second half of the year, a chance to buy in on a dip to $2300.
Zhao Shande said that from a technical perspective, any pullback to the strong resistance at $2300 can provide a good buying opportunity for investors, reflecting that gold has a certain defensive capability.
Peripheral gold prices soar, golden industrial concept stocks show strong performance at the beginning of trading, with SD Gold (01787) up 4.42%.
Jingu Finance News | Peripheral gold prices soared, golden industrial concept stocks were strong at the beginning of the trading session, Chi Silver GP (00815) rose 6.25%, SD Gold (01787) rose 4.42%, Lingbao Gold (03330) rose 3.98%, Tongguan Gold (00340) rose 3.92%, Zhaojin Mining (01818) rose nearly 2%. Overnight, peripheral gold prices soared, and Fed officials' comments strengthened the market's expectations of a rate cut in September. Investors poured funds into gold as a safe-haven asset, and international gold prices rose. New York gold futures closed at $2,467.8 per ounce, up 1.6%. Ping An Securities said that assets in the United States
"Rate cut trade" and "Trump trade" double blessing: Gold prices approach historic highs.
The market's expectation of a rate cut in September has pushed up the price of gold, while the failed assassination attempt on Trump has further boosted demand for metals as a safe haven.
No Data