Xin Lang Ji Jin·2025-08-08 02:56Group 1: Gold Market Insights - COMEX gold prices reached a new high of $3534.1 per ounce as of August 8, driven by increased demand for safe-haven assets amid expectations of U.S. interest rate cuts and geopolitical tensions [1] - China's central bank reported a gold reserve of 73.96 million ounces as of the end of July, marking a 6,000-ounce increase from June, continuing a nine-month trend of gold accumulation [1] - Citigroup, previously known for its bearish stance on gold, has shifted to a bullish outlook, predicting that gold prices may rise due to a weakening dollar and ongoing inflation concerns related to tariffs [1] Group 2: Rare Earth Market Dynamics - China's rare earth exports in July totaled 5,994.3 tons, a 23% decrease from the previous month, ending a record high trend [1] - Pacific Securities highlighted China's leading position in the rare earth industry, both in scale and technology, and its international pricing power [1] - The demand for high-performance rare earth permanent magnets is expected to grow significantly, driven by advancements in humanoid robots and electric vertical takeoff and landing (eVTOL) technologies [1] Group 3: Non-Ferrous Metals Sector Outlook - The non-ferrous metals sector is projected to benefit from U.S. interest rate cuts and a weakening dollar, with copper prices expected to rise due to constrained supply and resilient demand [4] - As of July 31, 2023, the non-ferrous metals sector has seen a cumulative increase of 24.91% year-to-date, making it the top-performing sector among 31 major industries [5] - The sector is also experiencing a valuation recovery, with the average price-to-book ratio at 2.36, indicating a historically low valuation level [5] Group 4: Investment Opportunities in Non-Ferrous Metals - The Ministry of Industry and Information Technology plans to introduce a growth stabilization plan for key industries, including non-ferrous metals, which is seen as a continuation of supply-side reforms [5] - Among 60 listed companies in the non-ferrous metals index, 22 have forecasted profit growth for the first half of 2025, showcasing operational resilience [5] - The non-ferrous metals index includes a diversified portfolio with significant weightings in copper, aluminum, gold, rare earths, and lithium, which helps mitigate investment risks [7]