Huaxi Securities: Optimistic about future gold prices

Jin10 data reported on November 4th that Huaxi Securities research report indicates that in the long term, the U.S. government shutdown is still ongoing. A second interest rate cut of 25 BP has taken place; although the expectations for a rate cut in December are suppressed, the overall rate cut expectations are gradually becoming clearer. Geopolitical conflicts continue, and the acceleration of the trend of “de-dollarization” worldwide has jointly driven central banks and investors to continue purchasing gold. Global concerns about currency and debt have benefited gold from the trading direction of debt and monetary easing, and the future gold price is optimistic. Benefiting from the rise in gold prices, the profit expectations for gold resource stocks have increased, and the current valuation of gold stocks is at a relatively low level, follow the opportunity for gold stock allocation.