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Gold bulls catch their breath again as two key thresholds loom; is the pressure from high interest rates waning?
Following gold's surge, market participants are hesitant to chase the rally blindly. The upcoming release of the Producer Price Index (PPI) and the Jackson Hole Symposium serve as key litmus tests. State Street strategists anticipate sufficient room for further short-term gains in gold prices, with a year-end target of $5,000.
Mount Everest Gold Group Sets Board Meeting to Review Interim Results
珠峰黃金:董事會會議召開日期
Hong Kong Stock Market Movement | Gold Stocks Rise Again as Gold Reaffirms Its Value as a Safe-Haven Asset and Long-Term Portfolio Allocation
Gold stocks rose again. As of the time of writing, Zhufeng Gold (01815) was up 7.06% at HK$1.745; Jihai Gold (02489) gained 3.51% to HK$0.885; Chifeng Gold (06693) climbed 3.03% to HK$38.04; and Shandong Gold (01787) increased by 2.4% to HK$23.02.
Is the gold and silver bull market about to resume? Experts say the pullback is a 'normal fluctuation,' and the long-term risk-reward profile has improved!
① Maria Smirnov, Chief Investment Officer at Sprott Inc., stated that the recent decline in gold prices represents a normal correction within a bull market rather than a reversal of the trend, and that the outlook for silver remains highly attractive; ② She noted that factors such as rising sovereign debt, fiscal deficits, central bank gold purchases, and geopolitical fragmentation continue to underpin gold’s strategic role, and that fundamentals for precious metals mining equities remain robust.
Mount Everest Gold Identifies Mineralized Zones at Tibet Mines