Understanding the Market | Gold Stocks Strengthen in the Afternoon as International Gold Prices Stop Falling and Rebound; Institutions Maintain Optimistic Long-term Outlook on Gold

Gold stocks performed strongly in the afternoon, with TONGGUAN GOLD rising 9.65%, CHIFENG GOLD up 5.39%, and SD GOLD increasing 4.98%. International gold prices rebounded to USD 3,250, up 0.67% during the day. Huatai Futures pointed out that although the Federal Reserve is temporarily maintaining its policy, other central banks are cutting interest rates, leading to a recovery in market risk sentiment. Gold is experiencing short-term fluctuations, but the long-term outlook is optimistic. China International Capital Corporation (CICC) expects the reasonable central price of gold to be higher than the annual forecast due to uncertainties in U.S. economic policy and geopolitical influences