Understanding the Market | Gold stocks continue to decline, international gold prices hit new highs, Morgan Stanley states that the decline in central bank demand is the biggest risk
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Gold stocks continue to decline, with LINGBAO GOLD down 5.51%, China Silver Group down 4.9%, CHIFENG GOLD down 3.96%, and ZIJIN MINING down 2.79%. Comex gold futures have surpassed $3,700, and JP Morgan expects spot gold prices to exceed $4,000 by 2026. If the independence of the Federal Reserve is compromised, gold prices could rise to $5,000. JP Morgan warns that a sharp decline in central bank gold purchasing demand may affect the upward trend in gold prices. Cathay Securities points out that rising expectations for interest rate cuts will boost prices of precious metals and industrial metals
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