Newsletter summary
COMEX gold breaks through 2360 US dollars / ounceWinbetslotThe A-share gold shares rose strongly, while CICC Gold rose more than 5%. Non-ferrous metal plate net inflow of more than 900 million yuan, Galaxy Securities forecast second-quarter performance inflection point approaching, copper, aluminum, gold industry is expected to benefit.
Text of news flash
[a-share gold shares rose collectively, non-ferrous metals plate was favored by funds] on May 15, international gold prices broke through the important barrier, with COMEX gold hitting 2360 US dollars / ounce in intraday trading, leading A-share gold stocks to usher in a strong rise. As of press time, gold stocks are at the top of the list of gains in the CSI non-ferrous metals index, occupying seven seats. China Gold (600489) rose more than 5%, Yintai Gold and Shandong Gold (600547) all rose more than 3%. Stocks such as Hunan Gold (002155), Sichuan Gold and Chifeng Gold (600988) also performed well. In terms of capital flow, the main capital inflow of the non-ferrous metal plate is more than 900 million yuan, beating other industries and ranking among the top three capital inflows. At the same time, the colored leader ETF (159876) turned red in early trading, and although it fell in late trading, the market price rose by more than 0% at one time.Winbetslot.8%. Galaxy Securities analysis pointed out that with the jump in commodity non-ferrous metal prices, the average price of non-ferrous metals and enterprise hub will rise significantly in the second quarter, A-share non-ferrous metals industry is expected to usher in a performance inflection point. In the context of the global manufacturing recovery and the Fed interest rate cut expectations, gold, copper, aluminum, tin and other sub-sectors are expected to be more resilient. Yongxing Securities from the liquidity point of view, the market's long-term view of interest rate cuts is basically maintained, the US dollar may continue the trend of volatility and weakness, and commodity prices are expected to benefit in the medium and long term. Fundamentally, the supply side is disturbed, such as the decline in copper production in Chile and the limited production of electrolytic aluminum; the demand side is expected to improve after the implementation of the policy. According to public data, copper, aluminum and gold are the top three heavy industries in the CSI non-ferrous metals index tracked by non-ferrous leader ETF (159876) as of April 30, accounting for 24.1%, 16.7% and 14.7% respectively, and are expected to benefit from the gold rally and commodity rally cycle. Risk hint: non-ferrous leading ETF (159876) passively tracks the CSI Nonferrous Metals Index (930708.CSI), the composition of index stocks will be timely adjusted according to the index rules, and its historical performance does not predict future performance. In this article, the index stocks are only shown, and the individual stocks are not described as investment advice, nor do they represent the position information and trading trends of any funds under the manager. Fund investment should be cautious, past performance does not represent future performance.
