Reasons for the "technical pullback" of Gold: all three Indicators point to "adjustment", and even "not a small extent"?
Indicators of economic slowdown have raised red flags, and the Capital Trend reflects an abnormal response to the market's intense enthusiasm followed by a sharp cooling. Technical Indicators show that the price of gold is excessively deviated from the long-term moving average.
China Shenhua Energy's Q1 revenue and profit both declined, with Coal sales falling by 15.3% year-on-year | Earnings Reports insights.
In the first quarter of 2025, China Shenhua Energy's revenue decreased by 21.1% year-on-year, and net income dropped by 18% year-on-year. The company attributes the decline in revenue to "a reduction in Coal sales volume and average sales price leading to a decrease in Coal sales revenue; a decline in electricity sales volume and average electricity sales price resulting in a decrease in electricity sales revenue."
Electric vehicle sales are strong, with BYD's Q1 revenue increasing by 36.35% year-on-year and net income soaring by 100% compared to last year.
The new energy business continues to be strong, helping BYD achieve a 36.35% year-on-year increase in revenue in Q1, a 100.38% year-on-year increase in net income attributable to the parent company, setting a record high for a single quarter, and a 117.80% year-on-year increase in net income after stripping out non-recurring items.
Express News | BYD achieved revenue of 170.36 billion yuan in Q1, a year-on-year increase of 36.35%.
Gold prices are experiencing ups and downs; how are public funds operating? Zijin Mining Group has been bought the most, while Lao Pu Gold has seen a shareholding reduction, with more FOF heavily invested in Gold ETFs.
① In the first quarter, renowned players like Zhai Xiangdong, Dong Li, and Hu Xinwei made substantial increases in their holdings of Zijin Mining Group; ② Some fund managers are switching between individual stocks in the Gold Sector and AH Stocks, but some fund managers are reducing their shareholding in Golden Industrial Concept stocks, believing that there is pressure on valuations; ③ The Gold ETF has become the product with the highest number of funds holding it, and diversification and multi-dimensional allocation have become the main reasons, with some fund managers maintaining an overweight position.
Trump's "face change" causes a huge shock in Gold! What to watch for in the future direction of gold prices?
For a long time, investors have regarded Gold as an asset that retains value during periods of economic uncertainty.