Core Viewpoint - The article highlights a bullish outlook on gold stocks and prices, driven by strong demand from ETFs and central banks, as well as geopolitical and market uncertainties [1] Group 1: Market Performance - On November 3, gold stocks in the U.S. experienced widespread gains, with DRDGOLD rising approximately 3%, Harmony Gold up 2%, and AngloGold and Kinross Gold increasing by 1.6% [1] - Other companies such as Coeur Mining and Pan American Silver also saw price increases [1] Group 2: Price Forecasts - UBS maintains a target price of $4,200 per ounce for gold by the end of the year, suggesting that any price pullback is temporary [1] - In scenarios of heightened geopolitical or market risks, gold prices could potentially rise to $4,700 per ounce [1] - Morgan Stanley forecasts that gold prices could reach $4,500 per ounce by mid-2026, driven by strong physical demand [1] - JPMorgan analysts predict an average gold price of $5,055 per ounce by the fourth quarter of 2026 [1]

【9月23日现货黄金突破3790美元创新高，带动美股黄金股盘前普涨】9月23日，现货黄金突破3790美 元，续创新高，带动美股黄金股盘前集体上涨。DRDGOLD涨2.4%，泛美白银、哈莫尼黄金等均涨约 2%。 消息显示，现货黄金盘中暴力拉升，涨超1%，升破3790美元/盎司，年内累涨超44%。市场押注 美联储进一步降息，鲍威尔明日凌晨将发表前景讲话。 在美联储降息、各国央行增储及地缘政治紧张 推动避险需求下，黄金成今年最强劲大宗商品之一，高盛等投行预计价格将进一步上涨。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 ...

① 【三大期指齐跌】道指期货跌0.38%、标普500指数期货跌0.47%、纳指期货跌0.59%。 ② 【美国国债跌势扩大，30年期收益率逼近5%】美国10年期国债收益率涨5个基点至4.28%，30年期国 债收益率涨4个基点至4.97%。 ⑧ 【瑞银：美联储本月将开启"四连降"】瑞银在最新报告中预计，由于美国通胀率接近目标水平且劳 动力市场风险上升，美联储将从9月起连续降息四次，总计降息100个基点。该行指出，7月份PCE数据 表现温和、就业需求疲软以及美联储日益鸽派的言论，是美国联邦公开市场委员会（FOMC）准备采取 （降息）行动的原因。 ⑨ 北京时间22:00，美国8月ISM制造业指数发布。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 记者|郑雨航 编辑|陈柯名 兰素英 易启江 校对|金冥羽 ③ 【黄金股走高】国际金价再创新高，带动黄金股盘前集体上涨，哈莫尼黄金涨超7%，科尔黛伦矿业 涨4.5%，New Gold、DRDGOLD、金罗斯黄金涨超3%。 ④ 【礼来跌1.7%，竞品Wegovy心血管保护效应显著】礼来盘前跌1.7%。消息面上，丹麦制药巨头诺和 诺德表示，其 ...

Financial Performance - Revenue increased by 28% to R3,802.3 million compared to the previous period[6, 55] - Operating profit increased significantly by 74% to R1,578.7 million[6] - Headline earnings increased by 65% to R970.1 million[6] - The average Rand gold price received increased by 26% to R1,478,663 per kilogram[6] Operational Performance - Gold production saw a slight increase of 1% to 2,564 kg[6] - Throughput increased by 16% to 12.9 million tonnes[6] - Average yield decreased from 0.228 g/t to 0.199 g/t[6] - Electricity consumption decreased by 16% to 141,333 MWh[6] Sustainable Development - Hectares vegetated increased to 28 ha from 15 ha in the previous period[6, 63] - Dust exceedances increased to 3.7% of total measurements[6, 63] Capital Investment and Future Outlook - Capital expenditure was R947.6 million, a decrease from R1,074.7 million in the previous period[6] - The company aims to achieve gold production between 155,000 oz and 165,000 oz at a cash operating cost of R870,000/kg for FY2025[76]