No Data
Hong Kong stock Concept tracking | Geopolitical risks increase, Gold prices rise. Institutions are Bullish on long-term allocation in the Gold Sector.
The United Kingdom's Foreign Secretary, James Cleverly, stated that Israel's actions in Gaza are "unacceptable."
Market Update丨Hong Kong gold stocks are strong, ZHAOJIN MINING, Chifeng Jilong Gold Mining, and LINGBAO GOLD all rise over 5% as international gold prices increase.
Overnight international gold prices rose, leading to a collective strength in gold stocks, among which ZHAOJIN MINING, Chifeng Jilong Gold Mining, and LINGBAO GOLD each rose over 5%.
World Gold Council: In April, the enthusiasm for gold investment was unprecedentedly high, with factors such as risky capital entering the market providing long-term steady support for gold prices.
In the long term, with its own stable performance, the continuous existence of global economic and geopolitical risks, along with the entry of Chinese insurance funds, the demand for Gold investment will receive further solid support.
"It's all opened up!" Brands are coming up with creative strategies to seize the "520" market. Can gold sales rise during the period of falling gold prices?
① During the "520" period, gold jewelry merchants have increased discounts to boost sales; ② Recently, gold prices have significantly declined, and merchants have indicated that the market has not seen a noticeable recovery; ③ Analysis suggests that gold prices may continue to decline in the short term.
In March, the central bank bought 64 tons of Gold, and Goldman Sachs remains Bullish on Gold prices reaching 3700 by the end of the year.
Goldman Sachs data shows that in March of this year, Global central bank gold buying demand was strong, and China once again became the largest identifiable buyer, with a purchase volume of 30 tons in March. So far this year, the average monthly demand from Global central banks has reached 94 tons, far exceeding the previous forecast of 80 tons.
Gold suddenly changed dramatically! The price of Gold plummeted by 40 dollars from its daily high. FXStreet Analyst's analysis of Gold trading.
During Monday's session in the Asian market, spot Gold suddenly dropped significantly from its intraday high, and the gold price is currently around $3209 per ounce. FXStreet Analyst Haresh Menghani pointed out that if the gold price softens further and falls below $3200 per ounce, it may find some support around $3178-$3177 per ounce.
