Understanding the Market | Gold stocks lead in gains as interest rate cut expectations rise, stimulating international gold prices; institutions say profit expectations for gold resource stocks have strengthened
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Gold stocks have seen significant gains, with CHI SILVER GP rising 10.64%, ZHAOJIN MINING up 6.8%, and SD GOLD increasing by 6.2%. As expectations for interest rate cuts heat up, JP Morgan predicts that gold prices will reach $3,675 per ounce by the end of the year, potentially hitting $4,000 per ounce early next year. Huaxi Securities points out that intensified inflation and interest rate cuts may drive up gold prices, enhancing profit expectations for gold resource stocks, which are currently undervalued, and recommends paying attention to opportunities for gold stock allocation
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