JPMorgan: Is Gold Priced at $4,600 Really Expensive?

JPMorgan pointed out that, according to the traditional model (fair value of $1,000-$1,900), gold is significantly overvalued, but this does not mean it is "wrong"—the high premium reflects a rational pricing of geopolitical risks, damaged U.S. dollar credibility, and the failure of the 60/40 portfolio. The real drivers of the rally—the "century rebalancing" of Western pension funds into gold and stagflation trades—have yet to kick in, and $4,600 may be a worthwhile "insurance premium" to pay.

wallstreetcnMay 7 13:48

Shenzhen Zhonghua A: First Quarter Report for 2026

SZSIApr 29 00:00 · Announcements

Shenzhen Zhonghua A: 2025 Annual Report

SZSIApr 21 00:00 · Announcements

Shenzhen Zhonghua A: Summary of the 2025 Annual Report

SZSIApr 21 00:00 · Announcements

Shenzhen Zhonghua A reported a net profit attributable to shareholders of 41.1292 million yuan in 2025, representing a year-on-year increase of 144.16%. Revenue from the jewelry and gold business accounted for 99.36% of total income.

Operating cash flow was -19.52 million yuan, representing a year-on-year decline of 13.77%.

lanjinger.comApr 20 23:45

Shen Zhonghua A: 2025 Annual Performance Forecast

SZSIJan 30 00:00 · Announcements