Sou Hu Cai Jing·2025-10-14 00:55Core Insights - Recent gold price increases are primarily driven by geopolitical risks and rising safe-haven sentiment, with significant capital inflows into gold assets [1] - The U.S. federal government is in a "shutdown" state, and political changes in countries like France and Japan are heightening investor concerns, further supporting gold prices [1] - Market expectations indicate that the Federal Reserve is likely to cut interest rates by 25 basis points in both October and December, providing additional upward momentum for gold prices [1] Gold Sector Performance - The average increase in the gold sector stocks in the A-share market since the second half of the year is 51.57%, with notable performers including: - Yuguang Gold Lead: 93.66% increase, rolling P/E ratio of 18.25 [4] - Pengxin Resources: 91.34% increase, rolling P/E ratio of 201.12 [4] - Zhongjin Gold: 79.00% increase, rolling P/E ratio of 28.49 [4] - The median rolling P/E ratio for gold stocks is currently 33.7 times, with five stocks, including Yuguang Gold Lead, Zijin Mining, and Shandong Gold, having rolling P/E ratios below 30 times [1]