Hunan Gold(SZ:002155) Xin Lang Cai Jing·2025-04-14 03:07Group 1 - The non-ferrous metal ETF (512400) experienced a strong intraday increase of over 3%, aiming for a fifth consecutive rise, with a transaction volume of 86.3473 million yuan as of 10:40 AM [1] - The index tracking the non-ferrous metal sector, the Zhongzheng Shenwan Non-Ferrous Metal Index, surged by 2.67%, with constituent stocks such as Hunan Gold hitting the daily limit, Luoyang Molybdenum rising by 5.31%, and Northern Copper increasing by 4.86% [1] - The spot gold price continued to rise, breaking previous highs and reaching a new historical peak of 3,245.73 USD/ounce, with COMEX gold prices also experiencing a sharp increase [1] Group 2 - Guosheng Securities highlighted that the current trading backdrop is characterized by stagnation, leading to a favorable outlook for gold, which has reached new highs due to several factors [1] - Key factors supporting the rise in gold prices include: 1) US CPI data released on Wednesday was below expectations, coupled with a rising unemployment rate, which has increased expectations for interest rate cuts; 2) The People's Bank of China has increased its gold holdings for the fifth consecutive month, boosting market confidence; 3) The uncertainty surrounding Trump's tariff policies has significant economic implications [1] - Historically, during periods of stagflation, such as 1974-1975 and 1979-1980, gold has performed well, indicating potential for similar outcomes in the current economic climate [1]