The Zhitong Finance App learned that on September 22, due to news of higher international gold spot prices, the A-share precious metals sector rose in a straight line. As of press release, Shenzhen China A (000017.SZ) and Zhongrun Resources (000506.SZ) rose and stopped, Yuancheng Gold (600766.SH) rose more than 8%, and Yuguang Gold (600531.SH), China Gold (), CICC Gold (), Guocheng Mining (000688.SZ), Western Gold () and other stocks rose. 600489.SH 601069.SH

In the international spot market, on September 21, the spot price of gold rose, reaching 10.51 US dollars/ounce, and the latest price reached 1675.33 US dollars/ounce.

You Chunye, chief macro analyst at Pacific Securities, believes that considering factors such as US inflation, gold has now reached a good buying point. It is necessary to consider additional configurations in the future. Looking at the overall economic context, gold and economic conditions showed a very obvious reverse performance, that is, the worse the economy, the stronger gold. Currently, a “soft landing” in the US economy is very difficult. Once there is continuous stagflation or rapid recession, the defensive nature of gold as asset allocation is highlighted, and at the same time, its offensive nature will also be reflected. In the long run, the value of gold allocation is good.