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Record High Gold Futures Price, Central Bank Increase, and Concept Stocks Capital Increase: July 2023 Update

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20:16[The price of gold futures hit a record high, the central bank has increased its position for 8 consecutive months, and 9 concept stocks have been increased by capital from the north]On July 19, the main contract of Shanghai gold futures opened higher and moved higher, with the highest intraday quotation of 463.18 yuan /g, setting a record for the highest intraday price of the contract since its listing in 2008, closing up 1.54%, and quoting at 462.48 yuan/g. Silver futures rose at the same time. The main contract of Shanghai silver futures closed up 1.79%.

The rise in gold prices may be related to the continued increase in holdings of central banks in many countries. According to data released by the State Administration of Foreign Exchange, gold reserves in my country’s official reserve assets have increased since November last year, and have increased for eight consecutive months. million ounces, an increase of 8.48%. Overseas, according to the latest survey data released by the World Gold Council, except for some countries such as Turkey and Germany, global central banks continued to buy gold in May this year.

According to the statistics of Databao, since July, a total of 9 precious metal concept stocks have received funds from the north to increase their positions. Calculated by the average transaction price of the interval, the increased holdings of Zijin Mining, Shandong Gold, and Intime Gold were 544 million yuan, 292 million yuan, and 234 million yuan, respectively.

In terms of performance, in the first half of this year, the price of gold worldwide fluctuated greatly, and the performance of precious metal companies may be affected. At present, a total of 7 concept stocks have announced their performance forecasts or semi-annual reports for the first half of 2023. Only Shandong Gold and Intime Gold’s net profit attributable to their parents has increased year-on-year, and Jingui Silver has reduced losses year-on-year. (data treasure)

2023-07-19 12:16:00
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