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Metals continue to rally! Will the "dovish" Powell trigger the next target of $2,500 for gold?
Trump being attacked is also a new variable for the market.
China Securities Co., Ltd.: the US interest rate cut boosts the prices of precious metals and basic metals, and the demand for new quality productivity opens a new era for small metals.
Zhongxin Jiantou Securities released a research report stating that metals and limited-supply non-ferrous commodities have performed well in the first half of the year, mainly reflecting three core logic:
HK stock concept tracking | Market focuses on Fed interest rate cut signal, institutions bullish on long-term trend of metals and non-ferrous commodities (with concept stocks)
China Securities Co., Ltd.: Long-term trend of metals and non-ferrous commodities is still bullish.
Hong Kong stocks rebounded | Golden industrial concepts rise collectively with the expectation of interest rate cuts support the gold price and the US political elections boosting market risk aversion.
The golden industrial concept collectively increased. As of press time, SD Gold (01787) rose 3.51%, closing at HKD 17.12; Zhaojin Mining (01818) rose 3.34%, closing at HKD 15.46; Lingbao Gold (03330) rose 3.22%, closing at HKD 3.53.
Hong Kong stock concept tracking | Frequent unexpected events! US CPI data boosts expectations for interest rate cuts. Will gold reach 3000 next year? (With concept stocks)
Stimulated by the gold bull market, related listed companies also have a "bumper harvest".
Gold Tops $2400 Amid Rate-Cut Hope: Is the Bull Run Over?
The anticipation of a Federal Reserve rate cut in September has invigorated the gold market, propelling prices above the $2,400 threshold for the first time since May 22nd. This surge followed the release of US Consumer Price Index (CPI) data on Wednesday, which fell short of Wall Street expectations and prompted the market to price in over a 90% chance of a rate cut in September.
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