With global attention on whether the Federal Reserve will continue its easing policy, New York futures gold has broken through the historical high of $4,400, silver is also approaching the $70 mark amid inventory concerns, and copper prices have reached historical highs. Investors looking to track spot gold prices with leveraged products have chosen to deploy SPDR Gold ETF (2840) warrants, and for bullish positions, they can consider S Gold call warrants (16188) with an exercise price of 3,688 HKD, expiring in April 2026, with an actual leverage of 12.4 times. For more out-of-the-money bullish call warrants, they can pay attention to (22460) with an exercise price of 4,059 HKD, expiring in August 2026, with an actual leverage of 8.5 times. Conversely, if one believes that the rise in gold prices is too rapid, they can consider S Gold out-of-the-money put warrants (16178) with an exercise price of 2,777 HKD, expiring in April 2026, with an actual leverage of 13 times.
In terms of upstream mining stocks, Zijin Mining (2899) has also risen to near a two-month high. For bullish positions anticipating a breakout opportunity, they can refer to Zijin call warrants (23800) with an exercise price of 41.9 HKD, expiring in April 2026, with an actual leverage of 5.9 times. Additionally, Jiangxi Copper (0358), while primarily focused on copper, also has gold and silver by-products. In an environment where silver and copper prices are strengthening, they can consider Jiangxi Copper call warrants (23853) with an exercise price of 50 HKD, expiring in April 2026, with an actual leverage of 5.5 times.
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New York futures gold broke through the historical high of USD 4,400, and silver and copper prices also reached new highs. Investors can track gold prices through leveraged products such as SPDR Gold ETF (2840) or S warrants. Zijin Mining and JCCL stock prices rose, and investors can pay attention to related warrants. Investment should be cautious, and product risks should be understood

𣾀豐輪證點評

SPDR Gold Shares

Zijin Mining

ZIJIN MINING

JCCL

JIANGXI COPPER

[Gold] Gold, silver, and copper all hit historical highs. Resource sector good positions to pay attention to Zijin purchase 23800/Jiangxi Copper purchase 23853/ETF pay attention to S purchase 16188