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How to understand the adjustment of Gold in this round?
Deutsche Bank stated that the recent decline in Gold is mainly due to the rebound of the dollar and the market's overinterpretation of tariff news. The tariff issues in the USA have not yet been resolved, and there remains significant uncertainty about the outlook, therefore the extent of the Gold pullback is limited.
That's right! The gold price will reach 4000 dollars!
Goldman Sachs maintains a "Buy" rating on ZHAOJIN MINING (01818), with the Target Price significantly raised from HKD 17.0 to HKD 27.0.
Hong Kong stocks movement | Golden Industrial Concept stocks collectively rebound after a significant drop in international gold prices. Institutions indicate long-term optimism for gold.
Golden Industrial Concept stocks have collectively warmed up. As of the time of this report, LINGBAO GOLD (03330) is up 5.17%, priced at HKD 9.36; Chifeng Jilong Gold Mining (06693) is up 3.68%, priced at HKD 28.15; SD GOLD (01787) is up 2.39%, priced at HKD 23.55.
Express News | Spot Gold Extends Gains, Last up 2% to $3,356.59/Oz
Gold Prices Plunge in Biggest One-day Drop in Years. Is the Record Rally Over?
Surging Gold Imports Shake Up Atlanta Fed's Estimates of GDP -- Barrons.com
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