The golden industrial concept weakened as lingbao gold (03330) fell by 4.59%. Institutions indicate that gold prices may temporarily drop to $2400.
Golden News | Golden industrial concept weakens. As of the time of writing, lingbao gold (03330) fell by 4.59%, sd gold (01787) fell by 2.91%, zhaojin mining (01818) fell by 2.8%, zijin mining group (02899) fell by 2.64%, chinagoldintl (02099) fell by 1.79%. According to industry insiders, the market's expectations for a interest rate cut by the Federal Reserve in December have cooled, the geopolitical risks in the Middle East are weakening, and the recent rebound of the usd has all posed a bearish influence on international gold prices. Gold prices are facing adjustment pressure in the short term, but the medium to long-term trend remains bullish. China securities co.,ltd. research reports.
Eastern European central banks are aggressively purchasing gold, becoming the largest buyers globally. Will gold prices rise to 3000 dollars?
Central banks in Eastern European countries are accelerating their gold purchases to diversify investments and cope with external shocks, with the Czech Republic, Poland, Serbia and other countries becoming the largest buyers of gold together.
Hong Kong stock market anomaly | The golden industrial concept collectively fell, recent high gold price callback. Institutions suggest considering increasing allocation again around $2400.
The golden industrial concept stocks collectively fell. As of the time of publication, Lingbao Gold (03330) dropped by 4.26%, to 2.92 Hong Kong dollars; SD Gold (01787) fell by 3.2%, to 13.3 Hong Kong dollars; Zijin Mining Group (02899) fell by 2.51%, to 14.78 Hong Kong dollars.
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Gold price sharply fell after "five consecutive increases"! Multiple banks have raised the risk level.
Gold prices fluctuate frequently
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Stocks in Hong Kong fluctuated | Golden industrial concept turned lower in the afternoon, spot gold plunged during the session, institutions point out that there is still short-term suppression from the strong US dollar.
The golden industrial concept turned down in the afternoon, as of the time of writing, sd gold (01787) fell by 3.13% to 13.6 HKD; zijin mining group (02899) fell by 1.06% to 14.94 HKD; chinagoldintl (02099) fell by 0.48% to 41.65 HKD.
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Gold will continue to shine! Goldman Sachs: it will reach 3000 dollars next year, with global central banks being the 'main driver'.
① Goldman Sachs predicts that gold prices may reach $3,000 per ounce next year, as central banks around the world continue to buy gold in large quantities; ② the firm also believes that gold is the preferred trade for combating inflation and geopolitical issues in 2025.
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The gold price has returned to $2700, and China Construction Bank continues to raise the entry threshold for individual gold rsp, conservative and cautious customers will no longer be able to invest in this product.
On the evening of November 22, China Construction Bank Corporation announced that starting from tomorrow, it will adjust the risk rating of the Easy Gold (physical gold rsp) product to 'medium risk.' Conservative and cautious customers will not be able to carry out the aforementioned 'Easy Gold' corresponding trades.
Spot gold briefly rose above the $2,700 mark as the escalating conflict between Russia and Ukraine highlighted the appeal of safe-haven assets.
① The spot gold price is expected to achieve the largest weekly increase in over a year this week, reaching a daily high of $2700.21 per ounce; ② The situation between Russia and Ukraine has become complicated, with Russia testing a "new type of medium-range hypersonic missile"; ③ Global central bank bids have driven gold prices to rise more than 30% since the beginning of the year.
Gold Prices Rise, Set for Strong Weekly Gains on Russia-Ukraine Jitters
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