Gold: Critical Support and Resistance Levels to Watch Ahead of Fed Next Week
Hong Kong stocks' movements | Copper companies saw a widespread decline in early trading as copper concentrate long-term processing fees hit a historical low, Institutions indicate that the driving effect of policy expectations is fading.
Copper stocks all fell in the early session. As of the time of writing, MMG (01208) fell by 4.21%, trading at 2.73 HKD; CMOC Group Limited (03993) fell by 4.09%, trading at 5.63 HKD; Zijin Mining Group (02899) fell by 3.46%, trading at 15.06 HKD; JIANGXI COPPER (00358) fell by 1.98%, trading at 12.88 HKD.
Gold prices have plummeted! The World Gold Council: Market growth may slow down in 2025.
What will the future trend be.
Hong Kong stocks are experiencing fluctuations | Golden Industrial Concept stocks are collectively declining, Precious Metals have sharply plummeted during the trading session, and the World Gold Council expects the gold price increase to slow down next y
The Golden Industrial Concept stocks all fell, as of the time of writing, Zijin Mining Group (02899) dropped 2.69%, trading at 15.2 Hong Kong dollars; LINGBAO GOLD (03330) fell 2.37%, trading at 2.88 Hong Kong dollars; CHINAGOLDINTL (02099) decreased by 1.97%, trading at 39.75 Hong Kong dollars.
ING: Next year, the CSI Commodity Equity Index will experience a "Put year," while Gold will still shine!
① ING expects that the Global situation will put pressure on the Energy and CSI Commodity Equity Index markets, but the outlook for Gold remains bright. ② The report points out that Trump's tariff plans may disrupt the oil, Metal, and Agriculture markets; ③ However, ING predicts that the average Gold price will rise to $2,760 per ounce by 2025, primarily influenced by central bank purchases of Gold and the appeal of Gold as a safe-haven asset.
MetalsFocus: It is expected that gold demand in the Middle East will slow down in 2024, and risks will still exist next year.
Recently, MetalsFocus indicated that the average gold price is expected to increase by 23% year-on-year this year, while the gold jewelry Consumer in the region is expected to decrease by 8% year-on-year.
Gold Prices Could Hit $3,000 per Ounce in 2025, Goldman Sachs Says
Will gold continue to shine next year? Goldman Sachs is listed as one of the “three major catalysts”: see you at $3,000!
① Goldman Sachs expects the price of gold to rise 11% to $3,000 per ounce by the end of 2025; ② Goldman Sachs believes that interest rate cuts by the Federal Reserve, increased gold purchases by central banks, and rising geopolitical uncertainty are the three major factors driving the price of gold higher.
China Central Economic Work Conference: A Key Indicator for Future Market Trends
Gold Takes a Breather at $2,700 With All Eyes on US Inflation
Gold: Technical Reversal Here Could Spark a Selling Spree
International gold prices have surpassed 2,700 US dollars! Most of the Hong Kong stocks in the Golden Industrial Concept are strengthening, with ZHAOJIN MINING rising over 7%.
① Has China's Gold reserves increased by the end of November? ② What is the Analyst's view on the overnight rise in Gold prices?
Hong Kong stocks are moving differently | Nonferrous Metals stocks are collectively rising, positive policy signals boost expectations, industrial Nonferrous Metals Consumer is expected to improve.
Nonferrous Metals stocks rose collectively. As of the time of publication, Aluminum Corporation Of China (02600) increased by 3.39% to 4.88 HKD; CMOC Group Limited (03993) rose by 3.13% to 5.94 HKD; Zijin Mining Group (02899) grew by 2.84% to 15.92 HKD; CHINAHONGQIAO (01378) climbed by 2.64% to 12.42 HKD.
Gold Holds Advance Before US Data That May Shape Fed Rate Move
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011
Gold Prices Rebound, Bulls Retain Upper Hand
The performance of the golden industrial concept has been active, and the People's Bank of China has restarted gold purchases after a six-month interval; what does this signal?
Diversification of reserves.
Is Zijin Mining Group (HKG:2899) A Risky Investment?
Gold Price Analysis
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