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China Post Securities: Short-term safe-haven sentiment for gold weakens, aluminum oxide prices still have room to rise.
Market concerns about the USA's tax cuts and high tariff policies leading to investment flowing back to the USA, while expectations of import restrictions by the USA are strengthening the US dollar, weakening gold and silver.
Hong Kong stocks fluctuated | Golden industrial concept all fell sharply in the morning, the strength of the US dollar and US bonds put pressure on the gold price, and the market generally lowered the magnitude of future interest rate cuts.
The golden industrial concept stocks fell across the board in the morning session. As of the press time, Chi Silver GP (00815) dropped by 5.45%, trading at 0.26 Hong Kong dollars; Zijin Mining Group (02899) fell by 4.02%, trading at 15.76 Hong Kong dollars; Lingbao Gold (03330) fell by 4.02%, trading at 3.1 Hong Kong dollars.
Hong Kong Stock Exchange News | Iterative process of efficient human diploid rabies vaccine developed by Ami Vaccine declared for clinical trial.
Semiconductor Manufacturing International Corporation (00981) announced its third-quarter performance, with a net profit attributable to shareholders of 0.149 billion US dollars, an increase of 58.3% year-on-year....
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Zijin Mining Group plans to invest over ten billion yuan to develop another overseas mine, with an expected annual production of 0.1 million tons of copper and 3.8 tons of gold. | Speed reading announcement
①Zijin Mining Group once again took a major overseas copper-gold mine with an investment of over 10 billion yuan; ②It is expected to produce 0.1 million tons of copper and 3.8 tons of gold per year.