International gold prices continue to weaken! Zhaojin Mining's H股 fell more than 5%, leading the decline in golden industrial concept.
What is the relationship between the US dollar and gold? How is the current trend of central banks increasing gold reserves?
Central bank governors from many countries unanimously sing praises for gold shareholding becoming a consensus.
Rising xiong'an new power technology.
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Gold prices surged by over 25%! Several central bank officials made rare statements: supporting an increase in gold reserves.
Central bank officials from countries such as Mexico, Mongolia, and the Czech Republic have expressed their support for increasing gold reserves.
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Open Source Securities: Q4 commodity prices may experience significant fluctuations, with gold remaining the preferred choice for current allocation.
The uncertainty of the 2024 Q4 usa election and the pace of interest rate cuts by the Federal Reserve may once again dominate commodity price fluctuations, with the volatility of csi commodity equity index prices possibly significantly rising.
Hong Kong stock market anomaly | Zhaojin Mining (01818) rose more than 3% at the close, with a significant year-on-year increase in net profit in the third quarter. The company's offshore gold mine is about to start production.
Zhaojin Mining (01818) rose more than 3% in the final trading session, as of the time of publication, up 2.75%, at HK$13.46, with a turnover of 0.29 billion Hong Kong dollars.
[Brokerage Focus] Guotai Junan Securities maintains a 'buy' rating on Zhaojin Mining (01818), indicating that Q3 profits meet expectations.
Jingu CaiXun | Industrial Securities issued research reports, stating that Zhaojin Mining (01818) announced its performance for the first 9 months of 2024, with Q3 quarterly revenue increasing by +17.8% year-on-year to 3.25 billion yuan, net income attributable to mother company at 0.35 billion yuan, up +169.7% year-on-year and +10.5% quarter-on-quarter. The report further indicates that after excluding the impact of impairment and fair value fluctuations, the adjusted net income attributable to mother company in Q3 was 0.57 billion yuan, a 36% increase from Q2, and the profit met expectations. The bank estimates that the Tuo Abujia gold mine contributed more than half of the performance increase, in addition to performance growth from gold price elasticity and cost savings, partly from domestically produced gold.
Stocks in Hong Kong surged against the trend, with golden industrial concept rising more than 5%, chinagoldintl experiencing geopolitical tensions.
Chinagoldintl rose more than 5%, sd gold rose 3%, zhaojin mining rose 2.9%, zijin mining group rose 2.7%. In terms of news, the recent tension in the Middle East continues to escalate; the General Staff of the Korean People's Army issued a combat readiness directive yesterday, and the military tension is on the brink of eruption.
Golden industrial concept rises against the market trend. Lingbao Gold (03330) rose by 3.26%. Institutions indicate that the space for interest rate cuts between China and the United States has opened further, pushing up the upper limit of the gold price.
Jingu Finance News | Golden industrial concept rose against the market, Lingbao Gold (03330) up 3.26%, Chinagoldintl (02099) up 2.73%, SD Gold (01787) up 2.46%, Zijin Mining Group (02899) up 2.36%, and Zhaojin Mining (01818) up 1.53%. On the news front, the World Gold Council issued a statement saying that global central bank gold demand slowed in August 2024, with net purchases of gold at around 8 tons. Although overall central bank gold demand has fallen from its peak in early 2024, it still maintains a positive growth trend. Huayuan Securities stated that the Federal Reserve
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The gold price is rebounding, and the golden industrial concept is active against the trend. Is there a possibility to reach $3000 next year?
How will the market perform in the future?
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