Caitong Securities Co Ltd

The US core PCE price index rose 0.2% month-on-month in July and 3.3% year-on-year, both in line with expectations. Real personal consumption spending was flat month-on-month, showing an economic cooling that supports a pause in Federal Reserve rate hikes, though inflationary pressure has not fully faded. Driven by falling Treasury yields, a weaker dollar and fiscal concerns, gold prices topped 5,000 US dollars an ounce intraday on August 26, hitting a record high. Industrial Securities believes gold could break above 5,000 US dollars this year, while Caitong Securities is bullish on central bank gold buying and lower real rates supporting prices. Bosera Gold ETF has seen net inflows for four consecutive days, attracting a combined 164 million yuan, with average daily net inflows of 40.92 million yuan.

A total of seven stocks received buy ratings from institutions today, among which Caitong Securities and GalaxyCore were covered for the first time. According to statistics from Securities Times Data Treasure, institutional research reports issued a total of seven buy rating records today, covering seven stocks. Dongfang Shenghong and Luzhou Laojiao each received one buy rating. In terms of rating changes, two rating records were first-time coverage, involving Caitong Securities and GalaxyCore. In market performance, stocks with buy ratings rose by an average of 0.12 percent today, outperforming the Shanghai Composite Index. Five of them advanced, with Dongfang Shenghong hitting the daily limit up. Guotai Junan Haitong, Yutong Bus, and Luzhou Laojiao led the gains, rising by 2.22 percent, 1.52 percent, and 1.33 percent respectively, while MEMSensing and GalaxyCore saw larger declines, falling by 7.74 percent and 7.21 percent respectively.