Precious metals sector rallies as industry enters a new phase driven by policy and reserves

IndustryGeopolitics
โดย 南方财经网·Read original
Summary · why it matters

The precious metals sector rose 4.84% during the session, with Shanjin International up 9.31%, Zhaojin Gold up 9.04%, Chifeng Gold up 7.08%, Zijin Mining up 5.32%, and Xiaocheng Technology up 5.05%. Several major state-owned and joint-stock banks announced they will discontinue their agency personal precious metals trading business with the Shanghai Gold Exchange in July. Industry insiders view this as banks proactively managing risk to guard against customer default and reputational risks under extreme market conditions. A research note from Huatai Securities points out that the precious metals industry's prosperity remains at a high level in 2026, with first-quarter net profit attributable to the parent company surging 109.39% year-on-year and 75.25% quarter-on-quarter. COMEX gold and silver prices rose 63.31% and 157.16% year-on-year respectively in the first quarter of 2026. The industry is gradually shifting from being event-driven to a new phase driven by both policy and reserves. The note suggests focusing on leading gold companies with resource endowment advantages and clear capacity release certainty.

Impact on stocks 6

Critical Materials & Supply Chain▲ · 1 stocks
ZHAOJIN MINING
1818-OL
▲ PositiveDemandrelevance

Gold price surge and industry shift to policy/reserves-driven phase boost demand for gold miners.

Others▲ · 5 stocks
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