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As Gold falls below 3000, Wall Street continuously issues reports: tariffs support, and gold prices will rise again!
Wall Street believes that the current risk of a Global trade war and geopolitical uncertainty will provide strong support for Gold prices. Goldman Sachs maintains its expectation that Gold prices will exceed 3,300 dollars by the end of the year, while Deutsche Bank expects Gold prices to reach 3,350 dollars per ounce by year-end. HSBC has raised the Target Price for Gold, predicting that central bank purchases of Gold and Inflows into safe-haven ETFs will be the core driving forces pushing Gold prices higher.
Jiangsu Hengrui Pharmaceuticals sold innovative molecules to Merck in Germany, successfully completing two external licensing deals within half a month.
① Jiangsu Hengrui Pharmaceuticals accelerates its international expansion, achieving two external licensing agreements for Innovative Drugs within half a month; ② In response to tariffs, Jiangsu Hengrui Pharmaceuticals stated that it will continue to closely monitor changes in the international environment and respond flexibly to the complex and changing external conditions, ensuring the company's long-term stability.
Is it time to buy Gold in chaotic times? The trading volume of colored theme ETFs has increased, and Futures are also diverging. How should the signals for stopping the decline be determined?
① Many Gold ETFs and Non-ferrous period ETFs have seen a surge in trading volume, with the highest transaction exceeding 8 billion yuan; ② With continuous Shareholding by the central bank and rising demands for hedging, the Non-ferrous themed ETFs are still worth watching, and the medium to long-term trend of gold prices remains unchanged.
The central bank is accelerating its accumulation of Gold, ETF funds are flowing back, and the value of safe-haven assets is rising… Gold is facing favorable conditions!
Deutsche Bank believes that despite the pullback this week, the bullish fundamentals for Gold remain strong, and it is expected that gold prices will rise to $3,350 per ounce by the end of the year. Traditional pricing models based on the dollar, real interest rates, and risk sentiment have become difficult to explain the trend of gold prices; Gold may have entered a "new normal" driven by structural factors, especially the central bank Bid.
China has increased its Shareholding in Gold for five consecutive months.
As of the end of March, China's Gold reserves were 73.7 million ounces, compared to 73.61 million ounces at the end of February, an increase of 0.09 million ounces or 0.15%. As of the end of March 2025, the country's Forex reserves amounted to 3,240.7 billion USD, an increase of 13.4 billion USD from the end of February, a rise of 0.42%.
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