Group 1 - The core viewpoint of the articles highlights the strong performance of the Hong Kong stock market's non-ferrous metal sector, driven by rising prices of precious and industrial metals amid increasing global risk aversion and domestic economic recovery expectations [1][2] - International gold and silver prices are rising, supported by heightened global risk aversion, which has led to increased market attention on companies with gold resources and smelting advantages [1] - The overall non-ferrous metal sector is experiencing a simultaneous increase in volume and price, becoming a standout segment in the cyclical recovery of the Hong Kong market [1] Group 2 - According to a report from Zhongyin Securities, the market is expected to enter a second phase of a bull market by 2026, characterized by profit-driven price increases, with the strong cyclical nature of non-ferrous metals likely to be fully realized [1] - Goldman Sachs predicts that central bank gold purchases and increased allocations by private investors betting on Federal Reserve rate cuts will drive gold prices to $5,400 per ounce by the end of 2026, indicating a clear long-term upward trajectory [2] - The current rally in non-ferrous metals is driven by three main factors: expectations of Federal Reserve rate cuts, central bank gold purchases, and increased demand for safe-haven assets, suggesting sustained upward momentum for the sector [2]
港股有色金属板块走强 机构一致看多金价 高盛看至5400美元 做多黄金蝉联最拥挤交易
Jin Rong Jie·2026-02-23 05:58