Mei Ri Shang Bao·2026-01-21 06:59Core Viewpoint - The precious metals sector in the A-share market has seen a significant surge, with the sector index rising over 6%, reaching a historical high and leading the market in gains [2][3]. Group 1: Market Performance - The precious metals sector index closed at 5954.25, reflecting a 6.13% increase [3]. - Notable individual stock performances include Zhaojin Mining, which rose by 10.02%, and Hunan Silver, which increased by 10.00% [3]. - Other companies in the sector, such as Sichuan Gold and Chifeng Jilong Gold, also experienced gains of 9.53% and 6.01%, respectively [3]. Group 2: Gold Price Trends - The spot gold price has increased by over $200 per ounce this week, marking a nearly 4% rise, with a year-to-date increase exceeding 10% [4]. - As of January 20, the spot gold price was reported at $4762.98 per ounce, with COMEX gold futures at $4768.6 per ounce, both showing a rise of approximately 1.95% and 1.97% respectively [4]. Group 3: Domestic Gold Jewelry Prices - The price of gold jewelry in China has surged, with brands like Chow Tai Fook and Chow Sang Sang reporting prices of 1498 yuan and 1495 yuan per gram, reflecting increases of 2.96% and 2.82% respectively [5][4]. - The overall increase in gold jewelry prices is around 3% [4]. Group 4: Future Outlook - Multiple institutions, including Citigroup, have raised their gold price targets, with expectations of reaching $5000 per ounce due to geopolitical risks and uncertainties surrounding the Federal Reserve [12]. - HSBC also indicated that gold prices could reach $5000 per ounce by mid-2026, driven by safe-haven demand and a weakening dollar [12].