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Express News | Spot Gold Hits Record High at $3,060.37/Oz
CHINAGOLDINTL (02099.HK): The net income for the fiscal year 2024 is 65.298 million USD.
On March 28, Gelonghui reported that CHINAGOLDINTL (02099.HK) announced that for the year ending December 31, 2024, it achieved sales revenue of 0.757 billion USD, an increase of 64.7% year-on-year; net income was 65.298 million USD, compared to a net loss of 22.969 million USD in the same period last year; basic earnings per share were 15.82 cents. The Director has declared a dividend of 0.08 USD per ordinary share (consisting of a basic dividend of 0.05 USD and a special dividend of 0.03 USD), totaling 31.713 million USD. Sales revenue from the Changshanhao mine was 2.
CHINAGOLDINTL: Results Announcement For The Year Ended December 31, 2024
The futures market surged 1.6% during trading, breaking through the 3100 dollar mark, with Goldman Sachs and Bank of America both raising their Target Prices.
The New York gold futures have strongly broken through the $3100 mark, setting a new historical high. Goldman Sachs has raised its gold price target to $3300, while Bank of America is more aggressive, believing that if Global gold investment demand increases by 10% year-on-year, the gold price could rise to $3500 within 18 months.
International gold prices skyrocketed to a new high! Trump's tariffs triggered a rush for safe-haven assets, and Goldman Sachs stated that prices will rise further.
① Spot gold prices and Gold Futures prices have both reached new highs. Spot gold surged to $3059.63, while New York Gold Futures for the main contract temporarily broke the $3100 mark; ② The USA President Trump announced new tariffs on Autos, leading to escalated tensions in Global trade, causing investors to seek safe-haven Assets.
Goldman Sachs Boosted Its Gold Price Forecast. A Russian-Ukraine Peace Deal Could Be a Buying Opportunity.
