Xin Jing Bao·2025-10-17 12:25Core Viewpoint - The continuous rise in gold prices has led to a "gold rush" in the market, with spot gold prices surpassing $4,300 per ounce, reaching new highs, while gold-related stocks initially surged but later showed signs of divergence in performance [2][3]. Gold Price Movement - On October 17, spot gold prices broke the $4,340 per ounce mark, with COMEX gold futures reaching $4,392 per ounce, reflecting strong market performance [3]. - The gold jewelry concept index rose over 1% in early trading, despite a poor overall market performance, indicating strong investor interest [3]. Stock Performance - Seven gold jewelry concept stocks have seen their prices double this year, with notable performers including Zhaojin Mining (up 269.02%) and Western Gold (up 191.25%) [4][5]. - The total market capitalization of 23 gold jewelry concept stocks is close to 1.5 trillion yuan, with three stocks exceeding 100 billion yuan in market value [5]. Shareholder Actions - There has been a notable trend of major shareholders and executives reducing their holdings, with Western Gold's second-largest shareholder planning to sell up to 18.22 million shares, potentially raising over 6.23 billion yuan [7][8]. - Other companies, such as Sichuan Gold, have also announced plans for significant share reductions due to personal funding needs [8]. Company Performance - In the first half of the year, ten gold jewelry concept stocks reported revenues exceeding 10 billion yuan, with Zijin Mining leading at 167.71 billion yuan [10]. - Nearly 80% of gold jewelry concept stocks saw revenue increases, with five stocks reporting growth rates over 50%, while some companies like Zhou Dashi and Puyuan Co. experienced significant declines in both revenue and net profit [10][11].