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Express News | Zijin Mining, on Reports of Gold Plundering: It Has Resulted in Certain Losses for Continental Gold Inc, but Exact Amount Is Still Under Verification
Express News | Zijin Mining, on Reports of Gold Plundering: Some High-Grade Ore Bodies in the Shallow Areas of the Buritica Gold Mine in Colombia Have Been Controlled and Illegally Mined by Organized Groups
Trump's victory resulted in a Waterloo for gold, with the spot gold price plummeting over $230 from its high.
① On Thursday morning in the European market, spot gold was quoted at $2,555.98 per ounce, having fallen over $230 since the historical high on October 31. ② Analysts state that the decline in gold prices is mainly due to a shift in risk appetite and a strengthening dollar after Trump's victory. Citigroup expects that the bullish market for precious metals may pause for a few weeks. ③ Observers remain bullish on the fundamentals of gold, believing that demand from central banks for gold will remain strong.
Under the storm of a strong US dollar, the gold bull market has pressed the pause button, how does Wall Street view it?
Short-term fluctuations, long-term optimism.
Gold's Losing Streak Continues, Analysts Advise Holding Shorts
Hong Kong stocks fluctuate | Golden industrial concept continues to trend lower, gold price fluctuates and falls back to near $2600 mark. Goldman Sachs still bullish on future upward trend.
Golden industrial concept continues the trend of probing downward, as of the time of writing, lingbao gold (03330) fell by 2.95% to 2.96 Hong Kong dollars; zijin mining group (02899) fell by 2.4% to 14.62 Hong Kong dollars; chinagoldintl (02099) fell by 2.34% to 31.35 Hong Kong dollars; sd gold (01787) fell by 1.61% to 13.42 Hong Kong dollars.