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Express News | Precious metals sector surges; Zhaojin Gold reverses course and hits the daily trading limit.
Express News | Precious metals stocks opened collectively lower, with Zhaogold Gold hitting the daily trading limit down.
Back above 4,200! Gold surges violently!
Global gold assets surged strongly.
Gold prices continued to rise, surpassing $4,070 per ounce, sparking a rally in gold stocks with many hitting their daily trading limits! Institutions note that the AI industry trend could be the biggest factor weighing on gold's pricing.
① International gold prices rose on July 1–2, gaining 0.98% on July 2 alone, driven by weak U.S. employment data and Federal Reserve Chair comments suggesting easing inflation risks; ② Domestic gold stocks, gold ETFs, and retail gold prices all increased, with multiple gold-related equities hitting their daily trading limits; ③ Market analysts believe the AI industry trend could be the most significant factor weighing on gold pricing.
A-Share Market Movement | The Fed in no rush to raise rates! Gold price rises to $4,114; gold stocks surge, with Zhaojin Gold and others hitting the daily trading limit.
Gelonghui, July 2 | Gold-related stocks in the A-share market strengthened, with Zhaojin Gold, Shandong Gold International, and Chifeng Gold all hitting the 10% daily trading limit. De Beers Group (Di'a Co., Ltd.) and China National Gold Group Corporation (CICC Gold) rose more than 6%, while Pengxin Resources, Zijin Mining, Xiaocheng Technology, Western Gold, Shandong Gold, and Hunan Gold gained over 5%. On the news front, gold prices rebounded sharply overnight, with spot gold briefly rising 2.67% to USD 4,114.86 per ounce. At the European Central Bank’s annual forum in Sintra, Portugal, Waller stated that inflation expectations have moderated somewhat over the past month and reiterated the Federal Reserve’s commitment to restoring price stability, reinforcing market perceptions that policymakers are in no rush
Express News | Precious metals stocks gained strength, with Zhaojin Gold and Chifeng Gold both hitting their daily trading limits.