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The Golden Industrial Concept is under pressure at the start, with LINGBAO GOLD (03330) dropping 2.54% as international gold prices fall below 3,200 dollars per ounce.
JW Financial News | At the beginning of trading, Golden Industrial Concept stocks are under pressure. As of this report, LINGBAO GOLD (03330) is down 2.54%, TONGGUAN GOLD (00340) is down 2.29%, ZHAOJIN MINING (01818) is down 2.35%, SD GOLD (01787) is down 1.75%, CHINAGOLDINTL (02099) is down 1.35%, and Zijin Mining Group (02899) is down 1.13%. In terms of news, on May 15, during the Asian market's early trading, spot gold is hovering at a low level, currently trading around 3183.50 dollars per ounce. Gold prices fell more than 2% on Wednesday, with an intraday low of 3167.94 dollars per ounce.
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The gains of the three major U.S. stock index futures narrowed to nearly flat, most Chinese concept stocks rose, Gold continued to adjust, and the Korean won rose significantly.
In Pre-Market Trading, the three major index futures are almost flat. Some Technology stocks have risen, with NVIDIA up about 2% and AMD up about 1.5%. Previously, both companies announced they would provide Semiconductors to an AI company in Saudi Arabia for a $10 billion Datacenter project. Pony.ai's stock rose over 16% in Pre-Market Trading, with reports that the company plans to apply for a confidential listing in Hong Kong, and Pony.ai has accumulated a rise of over 38% in the past five trading days.
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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.
