Market rotation is accelerating! Precious metals "take over" big consumption, two key factors will affect the future gold price?
Ashares plummeted on their first day of the new year , and the speed of market hotspot rotation is still accelerating.
Today, the three major Ashare indices continued to be weak ,
As of closing, the Shanghai Composite Index, Shenzhen Component Index and ChiNext Index fell by ., . and . respectively. The three major indexes once rose and turned positive in the morning session.
On the market, the initial public offering economy suddenly "stalled", and the nepal phone number list retail sector and other major consumer sectors that were booming yesterday fell into a deep correction .
However, as time goes by, the gold and precious metals sectors have once again taken up the banner of rising against the market trend.
Ashare Xiaocheng Technology and Sichuan Gold rose by more than , while Shandong Gold and Hunan Gold rose by more than .
Hong Kong stocks such as gold and nonferrous metals also surged to the top. Lingbao Gold rose by more than , followed by Zijin Mining, Shandong Gold and others.
Gold price gets off to a good start
On the first trading day of , U. stocks also experienced a huge shock.
Gold prices surged to a twoweek high on Thursday as falling U. Treasury yields drove funds into safehaven assets despite a strong dollar .