BK1084 Gold and Precious Metals
- 4683.101
- -246.269-5.00%
Wall Street analysts are in trouble! Is this “golden” joy over the top?
Analysts say the most immediate question worth one million dollars is: is this wave of gains still reasonable?
Gold prices returned to an upward trend after the shock. Prices of various “Gold+” products from bank financial management companies picked up, and the net worth of some products has reached new previous highs
① In recent months, financial management companies including CMB Wealth Management, Everbright Wealth, and Ping An Wealth have all deployed “Gold+” wealth management products. ② With the recent fluctuation and upward trend in gold prices, the net value of related wealth management products has also rebounded. The net worth of some related products has even reached new all-time highs. ③ Regarding the future trend of gold prices, a number of institutions and analysts said there is still room for growth. But more voices are “risk wary.”
Overview of the Hong Kong market | The three major indices pulled back, and the technical index fell nearly 4%; automobile stocks and non-ferrous metals stocks generally fell, Ideal Auto fell by more than 19%, and Zijin Mining fell nearly 5%
Technology network stocks declined one after another. Bilibili fell more than 6%, Baidu fell more than 4%; biotech stocks fell, and Pharmaceutical Biotech and Pharmacom Joint Stock fell by more than 6%.
Hong Kong Stock Afternoon Review | The three major indices of Hong Kong stocks pulled back, and the Tech Index fell by more than 3%; Technet stocks and auto stocks generally fell, Bilibili fell nearly 6%, and Ideal Auto fell by more than 19%
Biotech stocks declined in many shares; Kingsley Biotech and Pharmaceutical Biotech fell more than 5%; non-ferrous metals stocks pulled back, Shandong gold fell more than 7%, and Luoyang Molybdenum Industry fell more than 6%.
Intraday Overview | The three major indices fell sharply, and the science index fell more than 3%; auto stocks and pharmaceutical outsourcing concept stocks weakened; after ideal car performance, it plummeted nearly 20%
The Hang Seng Index fell 2.2%, and the Tech Net Index fell by 3.41%; most of the shares fell by more than 7%, JD Health and NIO by more than 6%, Bilibili by more than 5%, and Tencent, Ali, Baidu, and NetEase by more than 3%.
Futu Morning Post | The commodity carnival continues! Gold and copper continue to reach record highs; Microsoft releases a new generation of AI PCs; Ideal Auto's US stock falls by nearly 13%
The two vice chairmen of the Federal Reserve spoke out at the same time: they emphasized the need to be cautious about the inflation trend; the Wall Street Bank raised the target price of the S&P 500 index to a maximum of 5,600 points; the US Securities Regulatory Commission changed its attitude and may approve the first Ethereum ETF.
Gold prices hit another record high, and major banks continue to be bullish
Agencies such as Societe Generale Bank believe that the basis for gold's long-term rise is still there, and it will continue to rise until at least the end of the year.
The commodity carnival continues: Luntong reached a record high, silver fluctuated wildly, and iron ore continued to rise
① Luntong reached another record high. Although the long-term trend is clear, the short-term core hype factor is about to face the test of “flameout”. ② Industrial metals have collectively strengthened, driving black trading sentiment, and iron ore has also hit new highs in nearly three months under the impetus of policies; ③ Gold and silver continue to face fierce competition in the market.
Can I still buy money now? UBS conducted in-depth research on China's gold market
UBS pointed out that the Chinese market sentiment tends to buy when the price of gold recovers. As a result, future investors may be more likely to react flexibly to the price and be willing to buy at a decline of around $2,250 per ounce.
Is the precious metals market playing a “rich-making game”? Gold, silver and copper are “rising”, and these Hong Kong and US stocks are expected to benefit!
As investors' expectations that the Federal Reserve will lead the world's central banks to cut interest rates during the year continue to heat up, and news surrounding the helicopter accident involving the Iranian president has also stimulated safe-haven demand in the precious metals market.
What signal? The two “Big Short” prototypes are already betting big on gold!
Did the two “big bears” smell the risk ahead of time?
A quick look at the Hong Kong market | The three major indices fluctuated and closed higher. Non-ferrous metals stocks rose across the board, China Gold International rose nearly 8%, and China Silver Group soared more than 54%
Auto stocks rose one after another. Xiaopeng Motor rose more than 7%, Zero Sports Auto rose nearly 7%; coal stocks rose one after another; Yancoal Australia rose nearly 6%, and China Coal Energy rose nearly 4%.
Hong Kong Stock Afternoon Review | The three major indices rose one after another. Auto stocks and gold stocks strengthened. Xiaopeng Motor rose nearly 8%, and Lingbao Gold rose more than 10%
Technology Network stocks had mixed ups and downs. Jingdong rose more than 3%, Baidu fell nearly 3%; copper stocks rose sharply, Wanguo International Mining rose more than 7%, and Minmetals Resources rose more than 6%.
Another record high! The price of gold hit the $2,440 mark, and precious metals followed suit
The price of gold once again reached a record high. At one point, it rose 1.1% during the Asian morning session, hitting $2,440.59 per ounce, surpassing the intraday record high set in April.
Intraday Overview | Tech Index rose nearly 1%, non-ferrous metals stocks and auto stocks strengthened, Lingbao Gold rose nearly 12%, and Xiaopeng Motor rose more than 8%
The Hang Seng Index rose 0.57% and the Tech Index rose 0.92%; TechNet stocks had mixed ups and downs; Bilibili rose nearly 3%, JD.com and NetEase rose about 2%, Baidu fell more than 3%, and Meituan fell nearly 2%; gaming stocks rose, and Aobo Holdings and Galaxy Entertainment rose about 4%.
Gold and silver are booming in the short term! Luntong led the explosion of non-ferrous metals across the board
Bullish bets on gold have surged, and the strong rise in copper is affecting silver. Investors are piling up to invest in metals, buying long positions, closing short positions, and adding large amounts of margin... The metals market is very lively.
Opinions | Analysis of the impact of the Hang Seng Index and Hong Kong Stock Connect adjustments
The scope of this adjustment covers the main flagship indices of Hong Kong stocks, such as the Hang Seng, the State-owned Enterprises Index, and the Hang Seng Technology Index; in addition, there are also partial adjustments to the Hang Seng Composite Index, which directly determines the scope of investment in Hong Kong Stock Connect.
The international metals market is “fighting for glory”: gold and silver sprint to new highs, copper and nickel continue to boom
① Spot gold rose more than 1.5% to $2,414 per ounce, approaching the record high set last month; spot silver rose even more strongly, surging 6.3% in a single day; ② Portfolio manager Matthew Heap told the media, “Many funds missed the rise in gold. Obviously, they are very eager to participate in copper.”
Gold, silver, and copper are rising! Silver has broken through a ten-year high, and a new round of large-scale supercycles has begun?
Global commodities are once again booming!
Zijin Mining Sets Ambitious 50% Growth Target For Copper Production By 2028
Chinese mining leader Zijin Mining Group (OTCPK: ZIJMF) announced an upward revision of its copper production targets for 2025 in response to soaring copper prices.