Gold prices continue to rise, 5 gold stocks are undervalued

Recently, gold prices have continued to rise, mainly influenced by geopolitical risks, with safe-haven sentiment continuing to heat up and global funds continuously flowing into gold assets. The U.S. federal government is in a "shutdown" state. In addition, new variables have emerged in the political arenas of multiple countries, with political changes in France, Japan, and other countries exacerbating investor concerns, collectively driving up gold prices. Meanwhile, expectations of interest rate cuts by the Federal Reserve also provide upward momentum for gold prices. The market generally expects the Federal Reserve to cut rates by 25 basis points in both October and December. According to statistics from Securities Times·Data Treasure, there are 13 individual stocks in the gold sector of the A-share market, which have averaged a 51.57% increase since the second half of the year, with Yuguang Gold&Lead, Pengxin Mining, and ZHONGJIN GOLD leading the gains at 93.66%, 91.34%, and 79%, respectively. In terms of valuation, the latest rolling median price-to-earnings ratio of gold stocks is 33.7 times, with five stocks including Yuguang Gold&Lead, Zijin Mining, and Shanjin International having rolling price-to-earnings ratios below 30 times