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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.
Hong Kong stocks fluctuate, with golden industrial concept rising across the board, china central bank increases shareholding in gold for the first time in six months.
Hong Kong stock market's golden industrial concept stocks are generally up, with ra silk road up more than 4%, chinagoldintl up more than 3%, zijin mining group and tongguan gold up more than 1%, zhaojin mining and sd gold up by less than 1%. International gold price rose, with London gold briefly rising 0.68% to $2650.58 per ounce today.
GT GOLD: SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THEANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Gold prices have regained upward momentum! Is there still upward potential in the market? How should gold retail brands respond? | Industry dynamics
① After six consecutive declines in spot gold prices, which created the largest weekly drop in three years, this week it regained its upward momentum; ② The listing prices of pure gold trinkets in most domestic brand gold stores are once again nearing 800 yuan per gram, and high gold prices have weakened consumer enthusiasm for purchasing gold; ③ Chow Tai Seng jewellery adopts a strategy to increase low average transaction price and emphasize strong design products; Chow Tai Fook has launched differentiated product series such as Chuanfu and the Palace Museum, which has boosted sales.
We Think That There Are Some Issues For GT Gold Holdings (HKG:8299) Beyond Its Promising Earnings
Why Gold Is Looking Better Than Stocks in 2025
There's Reason For Concern Over Grand T G Gold Holdings Limited's (HKG:8299) Massive 26% Price Jump
