Zhongtai: Q1 profits from Gold and Industrial Metals continue to increase, Bullish on investment opportunities in Precious Metals and Rare Earth Permanent Magnets Sector.
Be prepared for both possibilities.
Gold Prices Rebound To RM14,079.37, Up 1.57% Despite US Market Weakness
With the easing of trade tensions, Japanese stocks are poised for their longest rally since 2009, while U.S. Futures are down, and Gold has risen sharply by 30 dollars in the short term.
The Japan Tokyo Stock Index has risen for the 13th consecutive trading day, reaching its highest intraday increase since August 2009; the India SENSEX Index fell by 0.8%, and the Pakistan KSE-100 Index rose by 0.45%; the USD/JPY has slightly weakened, dropping by 0.35% during the day; spot Gold has increased by 0.61% to $3,254 per ounce.
Is Zhaojin Mining Industry (HKG:1818) A Risky Investment?
Gold Skids More Than 3% on Tariff Relief. Is It Time to Sell?
Gold Slips as Trade Optimism and Fed Stance Weigh on Safe-Haven Demand
After the China-US meeting, Gold experienced a short-lived plunge, and many national Banks are still warning about investment risks. Why is there a reluctance for wild fluctuations?
① After China announced that an important consensus was reached in the China-U.S. meeting, spot Gold fell to $3260 per ounce, dropping over 2% at one point during the day. ② Recently, many national commercial Banks have continued to raise the subscription minimum amount for Gold accumulation Business and clearly remind that "investment has risks." ③ Referencing the past lessons from the Crude Oil Product treasure and paper Gold incidents, Banks do not wish for Gold to experience extreme volatility, especially in accumulation Gold Business.
Hong Kong stocks are moving | Golden Industrial Concept stocks are declining across the board as tariffs and geopolitical conflicts ease, putting significant pressure on international gold prices.
All Golden Industrial Concept stocks declined. As of the time of writing, LINGBAO GOLD (03330) fell by 5.83%, trading at HKD 8.89; SD GOLD (01787) fell by 5.51%, trading at HKD 22.3; Chifeng Jilong Gold Mining (06693) fell by 5.17%, trading at HKD 25.7.
Gold prices faced a "weekend storm" -- substantial progress in Sino-U.S. negotiations, ceasefire between India and Pakistan, negotiations between Russia and Ukraine, and talks between the U.S. and Iran.
Global risk aversion has receded, and Gold has plummeted. High-level economic and trade talks between China and the United States have reached important consensus and made substantial progress. The ceasefire agreement between India and Pakistan has been maintained on Sunday. Putin proposed to resume direct negotiations between Russia and Ukraine in Turkey on the 15th. The previously postponed fourth round of talks between the US and Iran has also begun.
Gold Eyes Further Gains Amid Trade Talks And Market Volatility
More Fuel For Gold Fever -- WSJ
ZHAOJIN MINING (01818): The first phase of medium-term notes (sci-tech notes) for the year 2024 will pay interest on May 16.
ZHAOJIN MINING (01818) announced that ZHAOJIN MINING Co., Ltd. has released the first phase of its 2024 medium-term notes (science and technology notes...
The decline in international gold prices has led to a widespread drop in Golden Industrial Concept stocks, with Chifeng Jilong Gold Mining (06693) falling by 4.04%.
Jinwu Financial News | Golden Industrial Concept stocks experienced a general decline, with Chifeng Jilong Gold Mining (06693) down 4.04%, TONGGUAN GOLD (00340) down 2.50%, CHINAGOLDINTL (02099) down 2.43%, Zijin Mining Group (02899) down 1.70%, ZHAOJIN MINING (01818) down 1.49%, SD GOLD (01787) down 1.48%, and LINGBAO GOLD (03330) down 1.21%. On the news front, there are signs of easing tariffs between the U.S. and China, with international gold prices declining. The New York futures gold closed at 3306 dollars, down 2.5%.
Gold Futures Snap Three-day Winning Streak To Close Lower
New Bond King: How can the US stock market not fall? Gold prices will reach 4000 dollars.
Jeffrey Gundlach stated that the rising unemployment rate and the inverted yield curve both indicate that the USA economy is heading into a recession, predicting that the S&P 500 Index may fall to around 4600 points. Investors are in a mid-term risk-averse market, and due to concerns over geopolitical turmoil, tariffs, and existing massive debt, Gold could rise to 4000 dollars.
Hong Kong stocks fluctuate | The Golden Industrial Concept continues to rise as the central bank increases its Shareholding in gold for six consecutive months. Institutions say gold may break through the Range in the second half of the year.
The Golden Industrial Concept continues its upward trend. As of the time of this report, LINGBAO GOLD (03330) is up 3.98%, priced at 9.41 HKD; Chifeng Jilong Gold Mining (06693) is up 2.62%, priced at 29.35 HKD; SD GOLD (01787) is up 1.24%, priced at 24.55 HKD; ZHAOJIN MINING (01818) is up 0.31%, priced at 19.32 HKD.
In April, the foreign exchange reserves increased, Gold reserves have been increased for six consecutive months. How to decide on Gold investment with a 5% fluctuation?
① As of the end of April, China's Forex reserves were approximately 3281.7 billion USD, an increase of 41 billion USD from the end of March. In April, the "reciprocal tariffs" introduced by Trump caused the dollar to drop significantly by about 4.4%, resulting in an increase in the price of non-dollar assets in our foreign reserves. ② The central bank continued to increase its Gold shareholding in April, and as of the end of April, Gold reserves amounted to 73.77 million ounces.
Gold Prices Dip In Malaysia Despite Global Bullish Momentum
Invesco: The market is increasingly worried about the risks associated with USA Assets, and it is expected that gold prices will continue to rise.
The market is concerned that the inherent risks of USA assets are increasingly rising, possibly reflecting anxiety about the resistance to USA economic growth or President Trump's trade policies.
Galaxy Securities: The logic for the long-term rise in Gold prices remains unchanged; investors should take advantage of price corrections to position in the Gold Sector.
Galaxy Securities stated that the logic for the medium to long-term rise in Gold prices remains unchanged and recommends positioning in the Gold Sector during pullbacks.