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ZIJIN MINING: Notice of Board Meeting
The Market Cap has increased sixfold in six years; why is Zijin Mining Group (02899) still the top choice for value investors?
The price of Gold in the spot market has skyrocketed like a bamboo shoot after a rain, breaking through $3000 per ounce, nearly doubling in price over three consecutive years, while the Gold Industry is once again experiencing a performance frenzy.
Hong Kong stock Concept tracking | Gold prices break historical highs, Institutions are Bullish on the Golden Industrial Concept rebound logic (including Concept stocks)
Gold prices set another record high as concerns related to the trade war stimulate demand for safe-haven investments.
Hong Kong stocks are moving unusually | Golden Industrial Concept stocks are rising collectively as international gold prices soar again, with multiple factors confirming the sustainability of high gold price running.
The Golden Industrial Concept has collectively risen. As of the time of writing, LINGBAO GOLD (03330) is up 6.97%, priced at 6.75 Hong Kong dollars; CHINAGOLDINTL (02099) is up 3.04%, priced at 54.15 Hong Kong dollars; SD GOLD (01787) is up 2.92%, priced at 18.3 Hong Kong dollars; ZHAOJIN MINING (01818) is up 2.27%, priced at 15.34 Hong Kong dollars; Zijin Mining Group (02899) is up 0.56%, priced at 17.92 Hong Kong dollars.
Express News | Spot Gold Hits Record High at $3,060.37/Oz
Statistics of Capital Trend for Hong Kong Stock Connect (T+2) | March 28
Capital Trend of Hong Kong Stock Connect | March 28
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.
EMX Royalty Partner, Zijin Mining, Provides an Update on a New Copper and Gold Discovery in Serbia
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.
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Gold prices are rising too quickly! Goldman Sachs is already looking at $3,300 by the end of the year before even finishing the report.
①Goldman Sachs Analysts Lina Thomas and Daan Struyven just raised the target price for gold by the end of 2025 to $3,100 per ounce last month; ②this month, the gold price has already surpassed the $3,000 mark for the first time in history, forcing Goldman Sachs to hurriedly "tear up the report" and revise their forecast.
USA's "Copper Grab War": Has it suddenly turned into a "sprint race"?
① The style of the "Copper War" in the USA suddenly evolved into a "sprint race" this week... ② What troubles many traders is that if those cargo ships loaded with Copper arrive at the USA ports "slowly" after the implementation of Trump's tariffs, those who "calculated well" might face huge losses instead...
Goldman Sachs has raised its year-end gold price target to $3,300, citing that "demand from central banks and ETFs has exceeded expectations."
Goldman Sachs stated that recent ETF inflows have been unexpectedly strong, reflecting an increase in investors' demand for safe-haven assets. In addition, Goldman Sachs expects that major central banks in Asia may continue to rapidly purchase Gold over the next 3-6 years, with countries like China potentially raising their target Gold reserve ratio from the current 8% to 20-30%.
Hong Kong stock Concept tracking | Insurance funds purchase gold has been implemented! China Life Insurance takes the lead. The long-term "Asset" shortage of insurance companies is expected to be alleviated (attached Concept stocks).
China Life Insurance announced the completion of the first Gold inquiry Trade in domestic Insurance Institutions, marking the reality of insurance funds purchasing Gold.
Update: Gold Edges Off a Record High as Safe-Haven Demand Remains Strong
Where Is Gold Headed After A Record Climb?
BofA Upgrades New Gold, Lifts Target by 50% on Growth Potential
Gold Trades at Another Record High as Safe-Haven Demand Remains Strong