雪球·2026-01-20 08:40Core Viewpoint - The article discusses the mixed performance of A-shares, highlighting the significant rise in precious metals and the active performance of the chemical and real estate sectors amid ongoing market fluctuations and geopolitical tensions [2][5][14]. Group 1: Precious Metals - COMEX gold prices increased by 2.94%, reaching $4730.41 per ounce, while silver surged by 6.93% to $94.67 per ounce, both marking historical highs [3]. - The increase in gold ETF holdings by 28 tons last week represents the largest weekly gain since September, indicating heightened investor interest in gold as a safe haven [5]. - Analysts predict that gold prices could reach $5000 per ounce within three months, with silver potentially hitting $100 per ounce, driven by rising risk aversion and weakening dollar confidence [5]. Group 2: Chemical Sector - The chemical sector saw a collective rise, with companies like Hongbaoli and Shandong Heda hitting their daily price limits [8]. - Recent price increases in key chemical products, such as a 7.9% weekly rise in epoxy propane, are attributed to supply-side improvements and regulatory changes promoting zero-carbon factory construction [10]. - The industry is expected to benefit from a reduction in supply due to the elimination of outdated capacities and increased demand driven by national policies aimed at expanding domestic consumption [10]. Group 3: Real Estate Sector - The real estate sector showed resilience with stocks like Dayuecheng and Chengtou Holdings reaching their daily price limits, while I Love My Home rose over 7% [12]. - Recent policy changes, including a reduction in the minimum down payment for commercial housing loans to 30%, aim to adapt to new market dynamics and support the development of the real estate sector [14]. - Analysts believe that the real estate market has undergone significant adjustments, and with recent government support, the sector is poised for a positive turnaround, making it an attractive investment opportunity [14].