Recently, the international gold price has continued to be the highest and broke through the high point of 2,100 US dollars per ounce, hitting a record high.
On March 5, the Shanghai ** Exchange also rose sharply, closing at 49736 yuan, a new high in the 16 years since its listing. At the same time, A-share ** concept stocks strengthened, and Zhongrun Resources (000506SZ) rose 98%, Gold and Silver (002716SZ) rose nearly 5%, Sichuan** (001337SZ) rose 324%, CICC** (600489SH) up 226%, Hunan**(002155.)SZ) rose 127%。
Not only the financial market, but also the spot market is bustling. Recently, it has been reported that in the stores of ** jewelry brands such as Chow Tai Fook, Luk Fook Jewelry, Chao Hongji, and Chow Sang Sang, the gold price of pure gold jewelry has exceeded 636 yuan, reaching a historical high. Some merchants excitedly said, "I have been in this business for more than 20 years, and I have never seen such a high gold price."
The strength of the store, not only did not affect everyone's enthusiasm for buying, but instead presented a scene of "more and more buying", and many gold buyers in the store were in an endless stream. In the current complex and changeable economic situation, many people actually hold the mentality of financial management, looking forward to maintaining and increasing their value.
In addition, as Women's Day approaches, consumer demand has also increased. **Jewelry can be worn in normal times, and can be fully or even excessively realized when funds are tight, which is considered by many people to be a way to make a steady profit and not lose money.
The reason for the strength of gold prices may be related to many factors such as recent macro fluctuations and risk aversion in overseas markets.
The recently released US PCE data was in line with expectations, and inflation maintained a downward trend, raising expectations for interest rate cuts. Galaxy researchers also believe that Fitch's downgrade of some banks in New York has triggered a rise in market risk aversion, and at the same time, central banks around the world continue to raise the center of gold prices.
In addition, the coming of November in the United States*** and the complexity of global geopolitics have undoubtedly made ** more favored by the majority of investors.
For the future gold price trend, Shanghai ** believes that from a long-term perspective, maintain an optimistic judgment on the market, the market's current excessive optimism about inflation may reduce the cost of market financing, so as to brew the possibility of secondary inflation in the future, and the long-term gold price may continue to rise. However, in the short term, the risks may have been fully priced, and the boom in the job market may hit the bulls, putting them under pressure in the short term.
The strength of gold prices has undoubtedly also boosted the performance of listed companies in the relevant industrial chain.
Yintai ** (000975SZ) financial report for the first three quarters of 2023 shows that the company achieved operating income of 709.5 billion yuan, an increase of 10 over the same period last year30%, and the net profit attributable to the parent company was 111.8 billion yuan, a year-on-year increase of 2024%。At present, the company owns a number of gold mines, benefiting from the strong gold price, and the sales unit price and quantity of its synthetic gold have increased, driving the performance to strengthen.
From the downstream retail side, China's ** (600916SH) financial report for the first three quarters of last year showed that the company achieved revenue of 4131.4 billion yuan, a year-on-year increase of 1576%, and the net profit attributable to the parent company was 74.1 billion yuan, a year-on-year increase of 2066%。In addition, Zhou Dasheng (002867SZ) financial report for the first three quarters of last year showed that the company's revenue was 1249.4 billion yuan, an increase of 39 percent year-on-year81%, and the net profit attributable to the parent company was 109.5 billion yuan, an increase of 17 percent year-on-year69%。
In general, in 2023, the gold price has come out of a round of magnificent **, and the annual increase in Shanghai gold ** will reach 1728%, since the beginning of 2024, gold prices continue to hit new highs, and the world may be in a ** bull market at present. Whether it is consumption, as an investment product, or related to the layout, the opportunities in the entire industry are still worthy of long-term attention by investors.
Author: Flying Fish.