Baiyin Nonferrous(SH:601212) Sou Hu Cai Jing·2026-01-23 06:23Group 1: Market Performance - The non-ferrous metal sector continues its strong momentum, with the popular ETF, Huabao Non-Ferrous ETF (159876), reaching a historical high with an intraday increase of 3.55% and a current rise of 3.29% [1] - The trading volume of Huabao Non-Ferrous ETF has surpassed 1.07 billion yuan, indicating significant investor interest, with a net subscription of 52.2 million units as of the latest report [1][4] - Major stocks in the sector, such as Baiyin Non-Ferrous and Tongling Non-Ferrous, have seen substantial gains, with Baiyin Non-Ferrous hitting the daily limit and other stocks rising over 9% [5] Group 2: Gold Price Surge - International gold prices have surged, with spot gold surpassing 4,950 USD/ounce, reaching a historical high, while COMEX gold futures peaked at 4,970 USD/ounce [2] - The increase in gold prices has led to domestic gold jewelry brands adjusting their prices to over 1,500 yuan/gram [2] Group 3: Future Outlook - Analysts predict that gold prices may rise between 10% to 35% by 2026, driven by factors such as U.S. Federal Reserve monetary policy, geopolitical tensions, and ongoing central bank purchases of gold [3] - The non-ferrous metal sector is expected to perform well due to emerging demands from AI, electricity, new energy, and high-end equipment manufacturing, alongside structural changes in supply and demand [3] - The overall performance of the non-ferrous metal sector is anticipated to continue leading the A-share market, supported by macroeconomic policies and a favorable liquidity environment [3]