On August 5, the A-share precious metals sector rose collectively. The industry index rose 7.72%, Sichuan Gold rose and stopped, Xiaocheng Technology rose 11.89%, and CICC Gold and Chifeng Gold rose more than 8%. According to the news, the main precious metals futures contract rose sharply. Platinum rose 9.18%, palladium rose 8.51%, and Shanghai Bank and Shanghai Gold rose 7.08% and 3.1% respectively, ranking first among domestic futures. The overseas precious metals market rose at the same time. As of press release, London gold spot once again surpassed 4,100 US dollars/ounce, an increase of more than 2%. At one point, the London silver spot market rose more than 4% intraday. The rise in precious metals prices in this round was mainly affected by factors such as the weakening of the US dollar and the cooling of expectations of the Federal Reserve's interest rate hike. The US dollar index fell about 1.6% in the past seven trading days, providing additional support for precious metals denominated in US dollars. According to the CITIC Securities Research Report, looking ahead to the market, it is expected that the impact of the situation in the Strait of Hormuz on gold prices will shift from suppression to boost. The Fed's monetary policy may be more optimistic than market expectations. Combined with the sharp rise in US military spending, it is expected that the price of gold will return to an upward channel during the year. According to statistics from the Securities Times and Databao, currently 8 individual stocks in the A-share precious metals sector have announced semi-annual results forecasts. Based on the lower net profit limit of the performance forecast, net profit is expected to increase by more than 40%, and the industry's prosperity continues to improve. Among them, Zhaojin Gold and Western Gold are expected to increase by more than 200%. From a financial perspective, since August, the four precious metals stocks of CICC Gold, Chifeng Gold, Western Gold, and Shandong Gold have received net financing purchases. Among them, CICC Gold ranked first with a net purchase of 109 million yuan.
Zhitongcaijing · 3d ago
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On August 5, the A-share precious metals sector rose collectively. The industry index rose 7.72%, Sichuan Gold rose and stopped, Xiaocheng Technology rose 11.89%, and CICC Gold and Chifeng Gold rose more than 8%. According to the news, the main precious metals futures contract rose sharply. Platinum rose 9.18%, palladium rose 8.51%, and Shanghai Bank and Shanghai Gold rose 7.08% and 3.1% respectively, ranking first among domestic futures. The overseas precious metals market rose at the same time. As of press release, London gold spot once again surpassed 4,100 US dollars/ounce, an increase of more than 2%. At one point, the London silver spot market rose more than 4% intraday. The rise in precious metals prices in this round was mainly affected by factors such as the weakening of the US dollar and the cooling of expectations of the Federal Reserve's interest rate hike. The US dollar index fell about 1.6% in the past seven trading days, providing additional support for precious metals denominated in US dollars. According to the CITIC Securities Research Report, looking ahead to the market, it is expected that the impact of the situation in the Strait of Hormuz on gold prices will shift from suppression to boost. The Fed's monetary policy may be more optimistic than market expectations. Combined with the sharp rise in US military spending, it is expected that the price of gold will return to an upward channel during the year. According to statistics from the Securities Times and Databao, currently 8 individual stocks in the A-share precious metals sector have announced semi-annual results forecasts. Based on the lower net profit limit of the performance forecast, net profit is expected to increase by more than 40%, and the industry's prosperity continues to improve. Among them, Zhaojin Gold and Western Gold are expected to increase by more than 200%. From a financial perspective, since August, the four precious metals stocks of CICC Gold, Chifeng Gold, Western Gold, and Shandong Gold have received net financing purchases. Among them, CICC Gold ranked first with a net purchase of 109 million yuan.
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