According to the latest data, the price of gold futures increased by 3.5% compared with the end of January.
the external situation deteriorated and the safe haven assets rose
On February 14, the precious metal sector jumped and rose, with the gold sector leading the rise. Stocks such as Western Region Gold Co.Ltd(601069) , Shandong Gold Mining Co.Ltd(600547) , Hunan Gold Corporation Limited(002155) saw a sharp rebound after several days of sideways trading. In terms of Hong Kong stocks, Zhaojin mining industry and Shandong Gold Mining Co.Ltd(600547) led the gains.
Institutional funds flowed into precious metals, gold and other sectors. According to the statistics of securities times · databao, the non-ferrous metal sector received a net inflow of institutional funds of more than 900 million yuan. In addition to industrial metals, rare metals, new metal and non-metallic materials and gold sectors received a large net inflow of institutional funds, Shandong Gold Mining Co.Ltd(600547) , Western Region Gold Co.Ltd(601069) received a net inflow of more than 45 million yuan.
On the news side, some media said that the United States believes that Russian President Vladimir Putin has decided to “invade” Ukraine, and the “invasion” is expected to begin this week. This news immediately detonated the global market, risky assets were sold off, and safe haven assets rose sharply. As a safe haven asset, gold and silver have risen steadily since the bottom of January 28. The gold index rose by more than 8% from January 28 to February 14, and the gold and silver futures also ushered in a sustained rebound. Comex gold and Comex silver rose by 3.49% and 4.67% respectively in the same period.
gold can effectively hedge against high inflation
Peter boockvar, chief investment officer of the advisory body Bleakley Advisory Group, said he was optimistic about gold and silver. “From now on, either the Fed tightened excessively and the economic growth slowed down, leading to the Fed’s re easing policy, which will be good for gold; or the Fed’s tightening pace will still be too slow and the real interest rate will continue to be negative, which will be good for gold.”
Earlier, Goldman Sachs released a report that gold will become a defensive asset against high inflation this year, on the grounds that the growth rate of developed economies dominated by the United States is slowing, and high inflation will give birth to gold investment demand. At the same time, the recovery of emerging market economy will give birth to gold consumption demand. The bank’s gold price is expected to rise from $2000 to $2150 this year.
According to data treasure statistics, since 1990, the yield of us 10-year Treasury bonds has decreased, Comex gold futures has increased, and the latest price is close to the highest level in the last 30 years. According to the latest data, the price of gold futures increased by 3.5% compared with the end of January. since the outbreak of covid-19 pneumonia, the global demand for asset hedging has been higher, and the price of Comex gold futures has increased by more than 300 US dollars / ounce compared with the end of 2019.
10 stocks that doubled their performance in the fourth quarter were increased by going north
Global gold reserves are unevenly distributed. According to the data of the U.S. Geological Survey, in 2020, the global gold reserves were 53000 tons and China National Gold Group Gold Jewellery Co.Ltd(600916) reserves were 2000 tons, which was lower than that of the United States, Russia and other countries. In recent years, mining stocks have been making continuous efforts, with significant reserve competitiveness and concentrated release of performance.
According to the statistics of data treasure, there are only 11 gold stocks in the A-share market and 58 industrial metal (copper, aluminum and lead) stocks, with a total market value of 1.36 trillion yuan; The market value of {1236017} and {546017} shares is the top three. In terms of market performance, seven stocks have increased by more than 10% since 2022, Henan Shenhuo Coal&Power Co.Ltd(000933) , Yunnan Aluminium Co.Ltd(000807) rose by more than 15%, and Western Region Gold Co.Ltd(601069) , Hunan Gold Corporation Limited(002155) rose by more than 5%.
Among them, Western Region Gold Co.Ltd(601069) has increased by 8.22% since the beginning of the year. According to the performance forecast released by the company, the net profit in the fourth quarter of 2021 increased by 104.02% compared with the same period in 2020. On Friday, the company announced the progress of fixed growth. It plans to acquire 100% equity of Aktau Kebang manganese Manufacturing Co., Ltd., 100% equity of Aktau baiyuanfeng Mining Co., Ltd. and 100% equity of Xinjiang Mengxin Tianba Mining Investment Co., Ltd. the progress is shown to be in progress. Or stimulated by this positive, the gold sector led the rise on February 14 Western Region Gold Co.Ltd(601069) , and the intraday limit was once high.
Referring to history, since 2019, only Chifeng Jilong Gold Mining Co.Ltd(600988) of the gold sector has been subject to fixed increase. The stock was first announced on April 23, 2019 and the acquisition was completed on November 14 of the same year. Chifeng Jilong Gold Mining Co.Ltd(600988) since November 14, 2019, the cumulative increase has exceeded 220%, and the gold index has increased by 35.29% in the same period. At the same time, the company’s performance has greatly thickened.
In addition, Western Region Gold Co.Ltd(601069) has also obtained additional positions of funds going north since the beginning of the year. According to the statistics of data treasure, the gold and industrial metal sectors were increased by going north in the first year, and there were 10 stocks whose net profit doubled in the fourth quarter of 2021. In addition to Western Region Gold Co.Ltd(601069) , there were Hunan Gold Corporation Limited(002155) , Zijin Mining Group Company Limited(601899) , Tongling Nonferrous Metals Group Co.Ltd(000630) .
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