According to Zhichun Finance APP, the golden industrial concept stocks are rising collectively. As of the time of writing, $CHINAGOLDINTL (02099.HK)$Increased by 10.33%;$SD GOLD (01787.HK)$Increased by 5.81%;$CHI SILVER GP (00815.HK)$Increased by 5.37%;$ZIJIN MINING (02899.HK)$Increased by 4.97%;$ZHAOJIN MINING (01818.HK)$Increased by 3.90%.

In the news, the strong performance of the dollar has eased, coupled with increased uncertainty from the Russia-Ukraine conflict, gold prices rebounded after six consecutive declines, with spot gold returning above 2600 dollars. Reports indicate that the USA allows Kyiv to strike within 300 kilometers of Russia's depth, and the Russia-Ukraine war is still far from being properly resolved.

Goldman Sachs stated that driven by major central banks' purchases and the USA's interest rate cuts, gold prices will rise to record levels next year. Goldman Sachs lists gold as one of the preferred csi commodity equity index trades for 2025, also indicating that gold prices might continue to rise during Donald Trump's presidency.

Editor/ping