Gold Futures End Higher Amidst Ongoing Geopolitical Tensions
As fears around Trump rise, the trends in Emerging Markets MMF and Gold diverge.
Amid expectations of Trump possibly returning to the White House, the 30-day correlation between Gold and the MSCI Emerging Markets MMF Index has dropped to its lowest point in nearly three years. Over the past three years, these two Assets have been positively correlated 86% of the time, but now they are experiencing a 30-day negative correlation, which has occurred for only the fifth time in three years.
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Hong Kong stocks fluctuate | Golden Industrial Concept collectively rises, gold prices have increased by over 27% for the entire year, Goldman Sachs is bullish on gold reaching $3000 by 2025.
Golden Industrial Concept collectively rose in the morning session. As of the time of writing, LINGBAO GOLD (03330) is up 12.03%, at 3.26 HKD; CHINAGOLDINTL (02099) is up 4.88%, at 43 HKD; SD GOLD (01787) is up 4.78%, at 13.16 HKD.
The Golden Industrial Concept rose partially, LINGBAO GOLD (03330) increased by 8.25%. Institutions indicate that the Global central banks' gold purchasing behavior is expected to continue, with the announced effect likely to be more significant.
Gold Information | Some Golden Industrial Concept stocks have risen, with LINGBAO GOLD (03330) up by 8.25%, ZHAOJIN MINING (01818) up by 2.19%, SD GOLD (01787) up by 2.07%, CHINAGOLDINTL (02099) up by 1.46%, and CHI SILVER GP (00815) up by 1.27%. CITIC SEC stated that based on its gold price analysis framework, it is bullish on gold prices in 2025. Global central bank gold purchasing behavior is likely to continue, and the announcement effect of central banks purchasing gold may become more apparent. The enthusiasm for gold investment in the global market may persist, potentially structured as 'Asia down, Europe and America up'.
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Honk Kong stocks closed (12.31) | The Hang Seng Index rose by 0.09% to hold steady above the 20,000 mark, ending the "four consecutive declines" with a total annual increase of over 17%.
On the last trading day of the Large Cap, the three major Indexes showed a divergence in trends, with the Hang Seng Index continuing to firmly hold above the 20,000 mark, while the Hang Seng Tech Index showed weak performance.
Hong Kong stock market fluctuations | CHINAGOLDINTL (02099) rises over 6%, Jiamar Mine's production this year will exceed the annual production guidance, Institutions are Bullish on the upward trend of Gold and Copper prices.
CHINAGOLDINTL (02099) rose over 6%, up 6.75% as of the report, at 40.35 Hong Kong dollars, with a transaction amount of 66.0934 million Hong Kong dollars.
China Gold International Exceeds Production Targets in 2024 for Jiama Mine
Will Gold continue to shine in 2025? A review from five key dimensions.
In 2024, there will be few types of investments that can outperform Gold, which is about to have its strongest year since 2010 and one of the largest annual increases in history. Many Gold bulls on Wall Street believe that the price of Gold is expected to rise further in 2025.
Gold prices have repeatedly reached historical highs, and gold companies are showing impressive performances while increasing reserves. The "long bull" trend still exists | Year-end review.
① This year's gold prices have repeatedly hit new highs, performing particularly impressively; ② Among A-share gold companies, SD GOLD, Zijin Mining Group, Shanjin International, and * Special Treat Zhongrun are actively increasing their reserves; ③ Many industry insiders believe that the trend of a "long bull" market for gold still exists; however, the risks of short-term fluctuations cannot be overlooked.
CHINAGOLDINTL (02099.HK): Jiama Mine's production in 2024 exceeds expectations, and the long-term development plan for Jiama Mine has been announced.
Gelonghui, December 30 - CHINAGOLDINTL (02099.HK) announced the preliminary production results for the full year of 2024 and an outline of the long-term development plan for the Jiamar Mine. According to the company's production situation as of December 29, 2024, the output of the Jiamar Mine will exceed the annual production guidance disclosed on March 28, 2024, while the output of the Changshanhao Gold Mine ('Changshanhao Mine') for 2024 meets the annual production guidance disclosed on March 28, 2024: Jiamar Mine: Copper output is approximately 102 million pounds (about 0.0463 million tons), Gold output is approximately 53,370 ounces (about 1.66 tons); Chang.
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