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Prospects of interest rate cuts boost the price of gold, and gold bulls cheer.
According to the CFTC data, net long positions in gold have reached the highest level in over four years. UBS Group predicts that by the fourth quarter of this year, the price of gold will rise to $2600, while Citigroup predicts that it will rise to $3000 by next year.
Gold Extends Rally as Geopolitical Risks Boost Haven Demand
Zijin Mining's H1 Profit Rises on Higher Operating Income
The expected interest rate cut by the U.S. Federal Reserve boosts the Hong Kong stock market, with real estate and golden industrial concept performing well.
①The expectation of a Fed rate cut is strengthening, which sectors are expected to benefit? ②Why did xpeng stock soar today?
With the interest rate cut confirmed in September, will metals start a new round of upward trend?
The market has responded more positively to Powell's dovish remarks at the JH meeting on Friday.
Analysts' Revenue Estimates For Zijin Mining Group Company Limited (HKG:2899) Are Surging Higher
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