Zhitong Finance APP learnedearnmoneywithnftgames, gold stocks collectively rose. As of press time, China Gold International (02099) rose 4earnmoneywithnftgames.58%, quoted at 55earnmoneywithnftgames.95 HKDearnmoneywithnftgames; Lingbao Gold (03330) rose 3.77% to HK$3.3; Shandong Gold (01787) rose 3.96% to HK$17.84; Zhaojin Mining (01818) rose 3.49% to HK$14.24.
On the news front, as of May 24, COMEX gold's main contract fell 3.5% month-on-month to US$2,335.2 per ounce, a slight correction during the week. Ping An Securities pointed out that the minutes of the Federal Reserve's May interest-rate meeting were biased and precious metals adjusted slightly. However, judging from the minutes, inflation is no longer the only consideration for the Federal Reserve to cut interest rates. The importance of employment in the United States is gradually increasing. If the job market unexpectedly weakens, interest rates may accelerate.
In addition, the U.S. unemployment rate showed an upward trend in April, and the Federal Reserve's expectation of interest rate cuts may not be significantly adjusted. In the medium term, the margin of the U.S. economy will weaken, and real interest rates will be high or difficult to maintain; in the long term, the pressure on the United States to reduce deficits and control debt is high, and the monetary attribute of gold will be prominent. Overall, the long-term investment logic of gold remains unchanged, and short-term rhythm adjustments are difficult to change the long-term trend. We are still optimistic about the rise of the gold price center in the long-term context.
