News summary
Gold stocks collectively fell due to the fall in gold prices. The market is concerned about the Federal Reserve's policy trends. The trend of precious metals is influenced by expectations and inflation data, so we need to be vigilant about short-term correction risks.
Newsletter text
Gold stocks continued to fall, and China Gold International (02099) shares fell 5.5%bonuspoker100.08%, closing at HK$53.25; Lingbao Gold (03330) fell 4.22% to close at HK$3.4; Shandong Gold (01787) fell 2.35% to close at HK$17.48. Zijin Mining (02899) was not spared, falling slightly by 1.51% to HK$18.24.
Gold prices adjusted Wednesday, but remained above $2400. Investors wait for minutes of the Federal Reserve policy meeting to find opportunities for US interest ratesbonuspoker100clues. Founder's mid-term futures analysis pointed out that the U.S. inflation rate fell for the first time in six months. A number of economic indicators showed that high interest rates were putting pressure on the economy. The market predicts that the Federal Reserve may accelerate the pace of interest rate cuts.
However, the bank warned that the recent consecutive record highs in precious metals were mainly driven by market expectations and sentiment. Remind investors to pay close attention to the Federal Reserve's subsequent policy trends and the evolution of the geopolitical environment. At the same time, the market is reminded of the risks of short-term correction, including factors such as a change in the attitude of the Federal Reserve, a rebound in inflation and a reduction in geopolitical tensions.