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The situation changed? ETF has started to see net buy orders, and JPMorgan has called for a gold price of 2650!
According to Morgan Stanley, ETFs may become the new driving force behind the next round of gold price increases. Gold ETFs have started to increase their holdings since late May, and COMEX's net long position is at its highest since Q2 2022.
Direct hit on anomaly: Non-ferrous stocks fell in the morning, with cooling expectations for the Federal Reserve's interest rate cut.
On July 19th, $Nonferrous metals(BK1312.HK)$ fell in the morning session. As of press time, $Lingbao Gold(03330.HK)$ fell by 8.58%, to HKD 3.41; $Zhaojin Mining(01818.HK)$ fell by 7.49%, to HKD 14.82; $SD Gold(01787.HK)$ fell by 5.32%, to HKD 17.08; $Zijin Mining Group(02899.HK)$ fell by 4.25%, to HKD 16.24. Source: Futubull. On the news front, the President of the European Central Bank announced the content of the interest rate resolution and announced the maintenance of interest rates.
Hong Kong stock concept tracking | Metal sector is the big winner in the first half of the year! Institutions: The long-term trend of precious metals and non-ferrous commodities is still bullish. (Attached concept stock)
Recently, the industrial metals sector has successively disclosed its half-year performance forecasts.
Gold Price Eyes $3,000 as Market Bets on Federal Reserve Rate Cuts
Gold prices have been on an upward trajectory, driven by mounting expectations for Federal Reserve rate cuts and increased bets on Donald Trump's re-election.
Crazy Gold: The price of gold returns to the "7" level, with many companies reporting profit growth.
Looking ahead, there is high certainty of continued strong performance for the gold market, which presents an opportunity for valuation repairs in the sector.
Brokerage Focus: CITIC Securities expects a turbulent upward trend in the A-share market in the second half of the year.
Jingu finance news | CCB international releases its outlook on Hong Kong stock market strategy for the second half of the year. The Hong Kong stock bear market since 2023 ended in January this year and has entered a shaking bull market. The Chinese fundamentals remain moderately repaired, and the policy tone continues to be based on stability. The chance of issuing strong stimulus policies is small, and the "strong production and weak demand" pattern will persist for a while, with a slight fluctuation in corporate profit recovery. The orderly slowdown of inflation and employment in the United States, along with a moderate economic growth, is expected to result in the earliest Fed rate cut in September this year and marginally benefit Hong Kong stock liquidity. The Hang Seng Index is currently at a historically low valuation level, and listed companies are actively buying back and increasing dividends.
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