No Data
Goldman Sachs released a tariff forecast: the possibility of the USA imposing a 10% tariff on Copper in Q1 is about 50%.
① Wall Street traders are preparing to analyze Trump's inauguration speech word by word, to determine the impact of his policies on the market; ② Goldman Sachs stated the likelihood of a 10% tariff on Copper by the USA in Q1 is 50%, which is basically consistent with Goldman Sachs' own forecast; ③ The oil market believes the likelihood of Trump imposing tariffs on oil is close to 40%, higher than Goldman Sachs' expected 15%; additionally, Goldman Sachs said the likelihood of tariffs on Gold is only 10%.
Trump's team plans to gradually raise tariffs, putting pressure on the dollar, while Copper prices continue to rise.
Copper prices continued to rise this year, as reports indicate that the incoming Trump administration will gradually raise trade tariffs instead of making a significant increase all at once.
In December, China's import volume of CSI Commodity Equity Index showed a mixed trend, with iron ore remaining at a high level, while the import volume of Coal and Soybean reached a record high for the year.
In December, the year-on-year increase in unrefined Copper and copper materials, integrated circuits, iron ore and its concentrates ranked first, while the decline in finished oil was the largest. The import volume of iron ore has remained above 0.1 billion tons for six consecutive months, and the import volume of Coal has remained above 45 million tons for the sixth consecutive month.
Should You Be Adding Wanguo Gold Group (HKG:3939) To Your Watchlist Today?
【Brokerage Focus】Minsheng Securities maintains a "Recommended" rating for the Universal Gold Group (03939) and is Bullish on the company's continuous growth in Gold production.
Jinwu Financial News | Minsheng Securities released a Research Report indicating that Wonguo Gold Group (03939) has published an updated report on the resources and reserves of the Jinling Gold Mine. As of July 31, 2024, the gold resource of the Jinling Gold Mine increased from 103 tons to 227 tons, an increase of 121.2%, with an average grade reaching 1.17g/t; the gold reserves increased from 37 tons to 40 tons, an increase of 8.3%, indicating potential for further reserve growth in the future. Based on an estimated mine life cycle of around 20 years, the annual production of the Jinling Gold Mine could exceed 10 tons, offering significant room for growth. The report states that Wonguo Gold Group currently owns Jinling.
Hong Kong stock movement | World Gold Group (03939) rises over 7%. The total mineral resource of Jinling Mine has increased by 1.7 times, and the gold content has increased to 7.3 million ounces.
WanGuo Gold Group (03939) rose over 7%, as of the time of writing, it is up 7.38%, priced at 11.64 HKD, with a trading volume of 2.9303 million HKD.
No Data
