On August 21, the precious metals sector rose 3.08% intraday. Baiyin Nonferrous gained 9.93%, Hunan Silver rose 8.55%, Chifeng Jilong Gold Mining advanced 5.21%, Western Region Gold climbed 4.92%, and Shandong Gold Mining rose 3.80%. The US Treasury Department announced it will at least double the size of liquidity support buybacks for 10- to 30-year bonds. Treasury Secretary Scott Bessent said the per-operation cap on Treasury buybacks could exceed the already announced 4 billion dollars. Changjiang Securities research argued that the logic of central banks diversifying away from the dollar by buying gold remains unchanged, and the relationship between interest rates and gold may shift from negative to positive correlation, maintaining a medium-term bullish view. Zhongtai Securities recommended that investors continue to watch the precious metals sector as the counterpart to US Treasury credit, as well as non-AI-related industrial metals sectors.
Chenzhou Jingui Silver Industry Co Ltd
Shandong Gold Mining Co Ltd
Chifeng Jilong Gold Mining Co Ltd
Western Gold Co Ltd
Baiyin Nonferrous Group Co Ltd