CBC(SZ:000017) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-19 08:35Core Viewpoint - The A-share market experienced slight fluctuations on November 19, with both the Shanghai Composite Index and the ChiNext Index closing in the green. Gold-related stocks saw significant gains, driven by a rebound in international gold prices, which surpassed $4,000 per ounce, indicating a potential continuation of the current gold bull market [2]. Market Performance - On November 19, the A-share market showed narrow fluctuations, with the Shanghai Composite Index and the ChiNext Index both closing higher [2]. - Gold concept stocks led the gains, with notable performers including Shen Zhonghua A, which hit the daily limit, and others like Zhongjin Gold, Xiaocheng Technology, Chifeng Gold, Shandong Gold, and Sichuan Gold, all rising over 5% [2]. Gold Price Movement - International gold prices rebounded, with spot gold rising above $4,000 per ounce, reaching over $4,080 per ounce by 15:28, marking a daily increase of over 0.5% [2]. - Domestic gold jewelry prices also increased, ending a four-day decline [2]. Future Outlook - According to a report by China International Capital Corporation (CICC), the current gold bull market may not be nearing its end. Historical comparisons suggest that the price increase and duration of this bull market are still lower than those observed during the major upswings in the 1970s and early 2000s [2]. - CICC's outlook considers current macroeconomic uncertainties, the long-term adjustment of global reserve structures, and the potential decline of the dollar cycle, supporting the view that the gold bull market is likely to continue [2].