中邮证券认为，美PMI数据转好引发贵金属震荡，当下阶段无需担忧过多回调风险。该行称，长期来看，美国赤字率提升、地缘政治扰动叠加美国供应链近岸化导致央行购金逻辑不改，降息节奏或随着美就业情况的转弱而加速，黄金行情有望在2024年H2再次开启。Golden industrial concept generally fell. As of press time, Chi Silver GP (00815) fell by 4.62% to HKD 0.31; Chinagoldintl (02099) fell by 2.29% to HKD 51.3; Lingbao Gold (03330) fell by 1.97% to HKD 2.99.
According to the Zhitong Financial APP, golden industrial concept generally fell. As of press time, Chi Silver GP (00815) fell by 4.62% to HKD 0.31; Chinagoldintl (02099) fell by 2.29% to HKD 51.3; Lingbao Gold (03330) fell by 1.97% to HKD 2.99; SD Gold (01787) fell by 1.61% to HKD 15.86.
In terms of news, last Friday, strong US PMI data pushed the US dollar higher and gold and silver prices plummeted. Spot gold in London closed at $2,321.45/oz, down 1.61%; spot silver in London lost the $30/oz mark, and Comex silver futures fell by over 4%. Data showed that the preliminary reading of the Markit PMI for June in the US was better than expected, with a slight rebound in service activity, reaching the fastest growth rate in more than two years.
China Youzheng Securities believes that the improvement of US PMI data has caused fluctuations in precious metals, and there is no need to worry about too much downside risk at this stage. The bank stated that in the long run, the increase in the US deficit rate, geopolitical disturbances coupled with the near-shore supply chain of the US, central bank's gold purchases logic will not change, and the rate of interest rate cuts may accelerate with the weakening of the US employment situation. The gold market is expected to open again in 2024 H2.