Understanding the Market | Gold stocks rise across the board, CHI SILVER GP up over 24%, as risk aversion and interest rate cut expectations drive up gold prices
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Gold stocks rose across the board, with CHI SILVER GP up over 24% and ZIJIN GOLD INTL up 14.18%. International gold prices hit a historic record, approaching USD 3,900 per ounce. The U.S. ADP employment report showed a decrease in new jobs in the private sector, with interest rate cut expectations rising to 99%. The U.S. government shutdown may affect the release of economic data, and gold is expected to perform better than U.S. stocks and bonds. Goldman Sachs predicts that international gold prices will reach USD 4,000 by mid-2026, and in extreme cases, could reach USD 5,000
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