黄金股午后上扬 大摩预计降息将持续 黄金有望继续获宏观层面支持

Core Viewpoint - Gold stocks experienced an afternoon rally, driven by the recent Federal Reserve interest rate decision and expectations of continued monetary easing, which is expected to support gold prices in the long term [1] Group 1: Gold Stock Performance - Chifeng Jilong Gold Mining (06693) rose by 3.83%, trading at HKD 31.46 [1] - Shandong Gold Mining (01787) increased by 3.48%, trading at HKD 3.49 [1] - Lingbao Gold Company (03330) saw a rise of 2.9%, trading at HKD 18.08 [1] - Zijin Mining Group (02899) gained 2.73%, trading at HKD 33.94 [1] Group 2: Federal Reserve Interest Rate Decision - The Federal Reserve's December meeting resulted in a 25 basis point rate cut, but there was significant internal disagreement regarding future rate cuts, with three dissenting votes [1] - Fed Governor Milan advocated for a 50 basis point cut, while two regional Fed presidents opposed any rate cut [1] Group 3: Market Outlook and Predictions - Morgan Stanley's latest report predicts that rate cuts will continue, leading to a weakening of the US dollar [1] - The report forecasts that gold prices could reach USD 4,800 per ounce by Q4 2026 due to macroeconomic support [1] - Huaan Fund anticipates that the Fed will remain in a long-term easing cycle, which could further benefit gold if a dovish chair is selected [1] - The combination of loose monetary and fiscal policies, along with ongoing global central bank purchases of gold to diversify foreign exchange reserves, supports the long-term investment value of gold [1]