GO
| HSI1 | 21,980.74 | +70.98 | 208.04B |
| HSCEI1 | 8,080.54 | +23.69 | 83.92B |
| Back Zoom + Zoom - Block Traded | |
|
2025-04-24 10:33:16 News of trade negotiations has pulled gold prices back from their historic highs, but the core drivers of a rebound are still in place, HSBC Global Research wrote in its report. As geopolitical tensions, strong central bank buying, concerns over USD depreciation, and uncertainty surrounding US policy will impact gold prices, the broker predicted gold prices to remain well supported this year. It also mentioned that ZHAOJIN MINING (01818.HK)'s earnings will be the most sensitive to changes in gold prices, followed by ZIJIN MINING (02899.HK). HSBC Global Research reiterated its positive outlook on gold with global uncertainties escalating and sustained central bank demand. Bullish on ZHAOJIN MINING, the broker raised its target price from $17.4 to $22.3 and kept the Buy rating unchanged. HSBC Global Research also held a constructive view on copper, expecting that potential new stimulus measures targeting energy transition, consumption, and even real estate could boost demand. The broker favored ZIJIN MINING for its robust production growth and stable earnings outlook driven by ongoing expansion. It maintained a Buy rating on the company with a target price of $22.2. ~ AAStocks Financial News Web Site: www.aastocks.com | |