: The prices of gold and copper commodities are on the verge of breakthrough, helping to further boost the bull market in non-ferrous metals.
CITIC Securities Research Report pointed out that the core PCE inflation index favored by the Federal Reserve has moderately increased, stabilizing market expectations for a rate cut at the Fed's September meeting. The ongoing event of Trump's firing of Fed Director Powell seriously threatens the independence of the Federal Reserve. As the US dollar weakens, it stimulates the monetary attribute of gold and the financial attribute of copper, with commodity prices approaching previous highs, opening up upward momentum for equity targets. The non-ferrous sector is showing a situation where various sub-sectors are blooming, with price-driven EPS and improved sentiment leading to a dual increase in PE, suggesting active participation.
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