Understanding the Market | Most Gold Stocks Rise as Multiple Factors Help Gold Prices Reach New Highs; Institutions Claim Precious Metals Remain in a Long-term Bull Market

Gold stocks generally rose, with EVEREST GOLD up 11.05%, TONGGUAN GOLD up 8.74%, and ZIJIN MINING up 4%. Spot gold surpassed USD 4,190 per ounce, and New York futures gold exceeded USD 4,200 per ounce, setting a new historical high. Analysts believe that the rise in gold prices is influenced by the trade tensions between China and the United States, geopolitical uncertainties, and expectations of interest rate cuts by the Federal Reserve. CITIC Futures pointed out that precious metals are still in a long-term bull market and have strategic allocation value. Federal Reserve Chairman Jerome Powell hinted at possible interest rate cuts, further solidifying market expectations