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Goldman Sachs Backs 'Copper Tariff Trade' If Trump Slaps 25% Duty On US Imports
Wanguo Gold Group (03939.HK) was subject to a Shareholding reduction of 9.812 million shares by Shareholder He Guangping.
On April 23, Gelonghui reported that according to the latest equity disclosure information from the Hong Kong Stock Exchange, on April 16, 2025, Guo Yuhang Group (03939.HK) was reduced by shareholder He Guangping by 9.812 million shares at an average price of HK$18.50 per share, involving about HK$0.182 billion. After the reduction, He Guangping's latest shareholding number is 54,008,986 shares, with the shareholding ratio decreasing from 5.89% to 4.98%.
Improved tariff expectations combined with inflation support lead to rising Copper prices and gold prices reaching new highs.
Summary: Last week, the tariff issues continued to ease, and both China and the United States expressed a willingness to engage in dialogue on tariffs under certain conditions. Market risk appetite has improved, and the focus is on whether there will be further substantial actions in the future.
Citi maintains a bearish stance on Copper prices but expects the downturn to slow down: tariff easing and China's demand support the Copper market.
Citigroup adjusts its Copper price forecast: short-term decline is easing but will remain significantly pressured in the medium term.
Commodity Prices Forecast to Fall in Coming Quarters, Weighed Down by Tariff Volatility, Westpac Says
Hong Kong stocks fluctuate | Wan Guo Gold International (03939) rises over 5% to set a new high again as international gold prices continue to reach new highs. Institutions state that Jincheng Gold Mine still has potential for reserve growth.
Wanguo Gold International (03939) rose more than 5% in the morning trading, peaking at 19.38 Hong Kong dollars, setting a new historical high. As of the time of reporting, it rose 5.68%, priced at 19.34 Hong Kong dollars, with a transaction volume of 47.9936 million Hong Kong dollars.
