Understanding the Market | Gold stocks opened higher collectively as trade tensions boosted risk aversion, with international gold prices hitting a new historical high
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Gold stocks opened higher collectively, influenced by trade tensions and the Federal Reserve's easing monetary policy, with international gold prices hitting a new historical high. CHI SILVER GP rose by 5.13%, LINGBAO GOLD increased by 4.7%, and ZHAOJIN MINING climbed by 4.35%. New York futures gold first broke through $3,000, while spot gold once touched $2,990. Analysts expect gold prices may rise to $3,500 per ounce in the third quarter, and in the long term, gold prices are likely to continue to increase, with opportunities for related stock allocations gradually emerging
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