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World Gold Council: Next year, gold prices may mainly fluctuate, and the upward momentum of gold prices will primarily depend on central banks and purchasing power in the Asia-Pacific region.
The rise in Gold prices next year mainly depends on the purchasing strength of central banks and whether the purchasing power in the Asia-Pacific region is strong. The World Gold Council believes that Gold prices may mainly fluctuate next year.
Gold Holds Decline as Focus on Fed for Next Year's Rate Outlook
UBS Says Gold Prices to Build on Gains, Central Banks to Buy More
Hong Kong stocks fluctuate | Golden Industrial Concept continues its recent decline, SD GOLD (01787) drops nearly 4%. The market focuses on the results of this week's Federal Reserve interest rate meeting.
The Golden Industrial Concept continues its recent downward trend. As of this publication, SD GOLD (01787) is down 3.81%, priced at 12.62 HKD; LINGBAO GOLD (03330) is down 1.1%, priced at 2.69 HKD; CHINAGOLDINTL (02099) is down 1.06%, priced at 37.2 HKD.
Gold Steadies as Traders Look to Final Fed Meeting of the Year
Morgan Stanley: The undervalued "Gold Triad" of China.
Morgan Stanley pointed out that against the backdrop of intensified geopolitical risks, China gold will benefit from market risk aversion sentiment and be favored by Chinese investors, while expectations of yuan volatility also provide support for gold prices to rise. Zijin Mining Group, SD GOLD, and ZHAOJIN MINING are undervalued in the market, and their production is expected to grow significantly in the next five years. It is anticipated that gold prices will reach $2,850 per ounce in the second quarter of 2025.
