GDX VanEck Gold Miners ETF
- 53.590
- -0.600-1.11%
A quick overview of the Hong Kong market | The three major indices pulled back in the afternoon. The Tech Index fell nearly 2%, Meituan fell more than 3%, and Kang Fang Biotech reversed the market and rose more than 37%
The trend of science and network stocks was divided. Bilibili rose more than 3%, Meituan fell more than 3%; coal stocks strengthened, China Coal Energy rose more than 5%, and China Shenhua rose more than 1%.
Hong Kong Market Overview | The three major indices continued to weaken, with the Hang Seng Index falling more than 1%; semiconductor stocks and Apple concept stocks bucked the trend, SMIC rose nearly 5%, and Shunyu Optics rose more than 6%
Domestic housing stocks declined, with Sunac China falling nearly 7%, and Vanke falling more than 4%; gold stocks fell one after another, Zijin Mining fell more than 5%, and China Gold International fell nearly 4%.
Hong Kong Stock Afternoon Review | The three major indices weakened, the Hang Seng Index fell more than 1%, semiconductor stocks rose against the market; gold stocks and domestic housing stocks fell, and Zijin Mining fell nearly 6%
Many shares of Technology Network declined, with Meituan falling more than 2% and Jingdong falling more than 1%; semiconductor stocks rose, Jingmen Semiconductor rose nearly 15%, and Huahong Semiconductor rose nearly 5%.
Northbound Capital Purchase Report: Zijin Mining received a net purchase of 220 million yuan
Northbound Capital made a significant net purchase of 3.399 billion yuan today.
Is the sharp rise in silver made in China? China's silver imports surged
The Bank of Shanghai has a huge premium, and China's import wave will further drain Western supply.
UBS: Buy gold below 2,300 at will, and increase your position on copper when it falls
UBS pointed out that there is still room for gold, crude oil and copper to rise, and commodity gains are unabated.
The gold oil and copper bull market is not over yet! UBS: Commodities can rise another 10% in the next 6 to 12 months
① A team of analysts led by Solita Marcelli, Chief Investment Officer of UBS Global Wealth Management Americas, pointed out in the report that there is still room for further rise in commodity prices; ② According to the report, rising demand for oil and copper and increasing supply shortages may provide good support for prices within the next 6 to 12 months.
The gains in gold, silver, and copper have taken a break. How is the momentum going?
The upward trend in gold, silver, and copper is far from over. Gold bulls may challenge 2,600 dollars. When will silver actually catch up with gold? Copper may experience a period of consolidation before returning to gains.
While the US market was closed, the price of gold and silver rebounded strongly, and crude oil rebounded for two consecutive days
The peak travel season in the US and the OPEC+ policy meeting began, and two major catalysts for oil prices followed one after another. On Monday, oil prices rebounded at an accelerated pace, with an intraday increase of 1.3%. Meanwhile, the easing of inflation expectations, the possibility that the Federal Reserve will cut interest rates before the end of the year, and the central bank's continued strong demand for gold are all factors supporting the long-term bullish trend of gold. Wall Street is increasingly optimistic that the rise in gold and silver is not over. Gold prices rebounded this Monday, rising more than 1%.
Gold once broke the 2355 mark! Analyst Warns: Potential Selling Pressure!
In the US market on Monday, Beijing time, spot gold continued its gains in the European market due to the escalation of geopolitical tension and the weakening of the US dollar, breaking the 2,355 mark. Spot silver once surged 4%, rising more than $1 during the day.
A quick look at the Hong Kong market | The three major indices rose sharply, and the tech index rose nearly 2%; semiconductor stocks and oil and gas stocks were popular; Huahong Semiconductor rose more than 11%, and CNOOC rose more than 4%
The trend of TechNet shares was divided. Bilibili rose nearly 6%, NetEase fell nearly 2%; gold stocks strengthened, Lingbao Gold rose nearly 6%, and Zhaojin Mining rose more than 5%.
Amid Soaring Gold, Silver Prices, Bank of America Is Bullish On These 4 Promising Metal ETFs For Good Investment Returns
In the wake of surging gold and silver prices, Bank of America has highlighted four exchange-traded funds (ETFs) that offer attractive exposure to precious metals.What Happened: The top-ranked ETFs by
Wall Street believes more and more in one thing: the rise of gold, silver, and copper is not over!
Bullish sentiment on commodities appears to be gradually heating up on Wall Street, and analysts believe that gold, silver, and copper are far from peaking.
Intraday Overview | The three major indices fluctuated, and Evergrande Auto resumed trading and rose more than 78%
The pharmaceutical outsourcing concept declined across the board. Pharmaceutical Biotech fell by more than 6%, Kanglong Chemical fell by more than 4%; China Mobile Games rose more than 23%, and its two new games will be launched soon; Lenovo Group has risen more than 7%, and the market share of Daimo AI PC will continue to rise.
Gold has become the new favorite of investors, and its status as a safe haven for US debt is being challenged due to debt risk concerns
According to Kristina Hooper, chief global market strategist at Invesco, the difference between these two assets shows that investors are increasingly concerned about soaring US government debt, so they prefer real assets.
Scotiabank Maintains Sector Perform on Newmont, Raises Price Target to $48
Scotiabank analyst Tanya Jakusconek maintains Newmont (NYSE:NEM) with a Sector Perform and raises the price target from $46.5 to $48.
Newmont Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 05/23/2024 15.75% Scotiabank $46.5 → $48 Maintains Sector Perform 05/16/2024 8.51% Bernstein $46 → $45 Mai
Scotiabank Maintains Sector Perform on Gold Fields, Raises Price Target to $18
Scotiabank analyst Tanya Jakusconek maintains Gold Fields (NYSE:GFI) with a Sector Perform and raises the price target from $15 to $18.
Gold Fields Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 05/23/2024 13.74% Scotiabank $15 → $18 Maintains Sector Perform 02/26/2024 -5.21% Scotiabank $15.5 → $15 M
Anglogold Ashanti Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 05/23/2024 8.24% Scotiabank $22 → $26 Maintains Sector Perform 04/19/2024 — HSBC Downgrades Hold → Reduce