金价回调

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摩根大通:短期金价回调风险上升 重申紫金矿业“增持”评级
news flash· 2025-06-17 04:46
Core Viewpoint - Morgan Stanley suggests buying Zijin Mining (02899.HK) during gold price pullbacks due to solid valuation re-evaluation prospects [1] Group 1: Valuation and Market Potential - Zijin Mining's overseas gold mining assets are expected to be listed, potentially increasing its market value by 11% to 17% [1] - The company's gold exposure is projected to surpass its copper exposure by Q2 2025, which may help narrow the valuation gap between Zijin and pure gold companies [1] Group 2: Current Valuation Metrics - Zijin Mining currently has a 12-month forward P/E ratio of 11 times, compared to the average expected P/E of 17 times for pure gold companies [1] - Morgan Stanley reiterates an "overweight" rating for both Zijin's A-shares and H-shares [1]
机构看金市:5月28日
Xin Hua Cai Jing· 2025-05-28 05:43
Group 1: Market Sentiment and Trends - Recent macroeconomic concerns regarding U.S. debt and deficits have led to a temporary rebound in U.S. Treasury and dollar index, but the previous bullish sentiment in precious metals has not sustained, resulting in profit-taking [1] - The U.S. consumer confidence index rose significantly from 85.7 in April to 98 in May, indicating improved economic outlook among consumers, despite a decline in durable goods orders [2] - The recent geopolitical stability has contributed to a short-term correction in precious metals, with expectations of gold prices potentially reaching $4,000 per ounce by late 2025 or 2026 [3] Group 2: Price Movements and Technical Analysis - Gold prices have recently experienced volatility due to changes in trade relations between major economies, with a notable drop of nearly $60 in New York futures following shifts in U.S.-EU trade dynamics [4] - The current decline in gold prices marks the third correction since reaching above $3,500 on April 22, suggesting a weakening upward momentum that may indicate a significant market shift if the trend continues [4] - Analysts caution that the market's response to geopolitical narratives is swift, and the recent adjustments in precious metals may not be merely temporary [4]
金价跌了!部分品牌首饰金报价重回“8字头”
凤凰网财经· 2025-05-05 11:14
Group 1 - The international gold price has recently declined, with COMEX gold futures closing at $3247.4 per ounce on May 2, down 7.48% from the high of $3509.9 per ounce on April 22 [2] - As a result of the price drop, brand jewelry gold prices have generally fallen below 1000 yuan per gram, with some brands like Laomiao Gold priced at 987 yuan per gram and others like Chow Tai Fook at 998 yuan per gram [2] - During the "May Day" holiday, major gold jewelry brands launched promotional activities, with discounts leading to prices as low as 858 yuan per gram for certain brands [2] Group 2 - According to the World Gold Council's Q1 2025 Global Gold Demand Trends Report, global gold demand reached 1206 tons in Q1, a 1% year-on-year increase, despite gold prices exceeding $3000 per ounce [3] - In China, gold consumption in Q1 2025 was 290.492 tons, a decrease of 5.96% year-on-year, with gold jewelry demand dropping significantly by 26.85% to 134.531 tons [3] - Conversely, demand for gold bars and coins in China increased by 29.81% to 138.018 tons, indicating a shift in consumer preferences [3]