02899 ZIJIN MINING
- 14.060
- -0.300-2.09%
ZIJIN MINING News
Gold Prices Rebound From Fed-driven Rout, Hawkish Comments Cloud Outlook
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.
Mingsheng Securities: Supply constraints will still be strong in 2025, and the demand for Copper and Aluminum is quite resilient.
Looking ahead to 2025, supply-side constraints remain strong, and demand is resilient. It is recommended to invest in the sector of Industrial Metals, specifically in symbols of Copper and Aluminum.
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
Zijin Mining Group (02899.HK) intends to provide a guarantee for a loan of no more than 0.2 billion USD for its holding subsidiary, Saizicopper.
On December 16, Gelonghui reported that Zijin Mining Group (02899.HK) announced that Zijin Mining Group Co., Ltd. (hereinafter referred to as the "Company") has provided joint liability guarantees for its subsidiary, Zijin Copper, applying for loans totaling no more than 0.2 billion USD or equivalent in MMF from Bank Of China Srbija A.D. Beograd ("Bank Of China (Serbia) Limited") and Bank Of China Limited, Luxembourg Branch ("Bank Of China Luxembourg Branch"). The guarantee period does not exceed 4 years.
Special contributor Deng Shengxing: The central meeting did not bring any surprises to the market, the Hang Seng Index is struggling around 20,000 points.
Jinwu Financial News | The Hang Seng Index closed at 19,971 on Friday (13th), down 425 points or 2.1%. The market had a total turnover of 158.4 billion yuan for the day. The National Index fell 173 points or 2.4%, closing at 7,184. The Technology Index dropped 2% to 4,508, marking three consecutive weeks of decline along with the National Index. Goldman Sachs stated that the central economic committee's lack of stable housing policies is disappointing, with Longfor (00960) dropping 7.3%, the worst performing blue chip for the day; China Overseas Land & Investment (00688) fell 4.9%, down 5.1% for the week, also the worst performing blue chip; overnight gold prices significantly retreated, dragging gold-related stocks down. Zijin (02899) dropped 5.5%; Zhaojin.
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.
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
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