---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39917742.md"
description: "$SD GOLD(01787.HK)1. The long-term logic for gold prices remains intact.◦ Global central banks continue to buy gold (China has been increasing its holdings for several consecutive months).◦ The Fed is highly likely to cut interest rates in the second half of the year, and falling real interest rates are favorable for gold.◦ Geopolitical factors and de-dollarization provide long-term support.2. Shandong Gold itself is strong.◦ Significant performance growth in 2025: Revenue of 100 billion, net profit of 4.739 billion (+60.57%).◦ Overseas capacity release, Saudi cooperation materializes.◦ Institutional target prices generally range from 48.8 to 52.5 yuan (over 25% higher than the current price).IV. Simple Judgment (Should you wait for a big surge?)• Want a short-term surge (1-2 weeks): Low probability, more likely to fluctuate between 37-41 yuan.• Want a medium-term surge (3-6 months):◦ Wait for two signals:1. The Fed sends a clear signal of interest rate cuts.2. International gold prices stabilize above 4800."
datetime: "2026-04-15T02:55:04.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39917742.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39917742.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39917742.md)
author: "[BBuffett](https://longbridge.com/en/profiles/13794245.md)"
---

# $SD GOLD(01787.HK)1. The long-term logic for gold …


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