Express News | The Nonferrous Metals Sector in the Hong Kong stock market has risen, with RUSAL up over 4%, MMG up nearly 4%, and ZHAOJIN MINING and CHINAGOLDINTL both up nearly 2%.
The daily sales of the product reached 18 million GMV. E-commerce concept stocks achieved three consecutive board limits this week, with institutions conducting intensive research on related listed companies.
①Nanji E-commerce released institutional research notes on Friday, stating that Nanji Ren's luxury series has a daily sales volume of 18 million GMV recently. A hundred good brands have already expanded to channels such as Douyin, Alibaba, vipshop, etc. In terms of the secondary market, Nanji E-commerce closed with a 3-day consecutive limit up on Friday.
Metals Focus: China's retail investment demand for gold may further slow down.
Metals Focus indicates that overall, although demand is expected to weaken in the second half of 2024, thanks to the extremely strong demand in early this year, the annual retail investment demand for gold in china is still expected to rise by 16% year-on-year.
Strong US dollar pressure pushes gold price below support level! Hong Kong stocks related to the concept of golden industrial concepts suffer heavy losses, chinagoldintl falls about 8%.
①The strong US dollar pressing down on the gold price led to a break, what bearish factors are brewing? ②Hong Kong stocks related to the golden industrial concept plummeted across the board, why is the market reacting so strongly?
US stocks closed | The three major indices collectively rose, with the China Golden Dragon Index leading the large cap with a rise of over 4%; Bitcoin returned to $0.07 million, and crypto concept stocks strengthened; Donald Trump concept stock DJT surged
Small cap stocks rose 1.7% to lead the way, Nasdaq approaching its all-time high, tesla reversed down by 2.5%, nvidia fell by 1% at one point, nio inc surged over 10%, North American uranium mines and nuclear energy concept stocks rose together, Altman-backed Oklo surged over 28% to a new high.
Spot gold has repeatedly hit new highs, are golden industrial concepts that deviate from the price of gold being wrongly killed?
This is also a microcosm of the golden industrial concept in the A/H markets. While the price of gold is reaching new highs, A/H golden industrial concept stocks have experienced the largest decline this year. Under the negative market sentiment, it seems that the gold narrative that the market talked about two months ago is no longer valid?