On the morning of August 26, gold concept stocks in China's A-share market rallied, with Shenzhen Zhongheng Huafa hitting its fifth consecutive daily limit at 9.46 yuan per share. The limit-up order book exceeded 103,700 lots, and turnover reached 23.62%. Dior Jewelry surged by the 20% daily limit, while Baiyin Nonferrous, Jiangxi Copper, Jinchengxin Mining, and Jinyi Culture also hit their daily limits. On the news front, COMEX gold futures broke above the $4,700 per ounce level intraday, now up more than 0.45%. Sucden Financial analysts said that although the US 10-year Treasury yield remains near 4.7%, renewed fiscal concerns in the US, uncertainty over the credibility of the US Treasury market, and the dollar index staying below 99 continue to keep gold demand strong. Gold now needs to hold the $4,700 per ounce level to sustain a stronger trend.
China Bicycle Co Holdings Ltd
Beijing Kingee Culture Development Co Ltd
DR Corporation Limited
Jiangxi Copper Co Ltd Class A
Baiyin Nonferrous Group Co Ltd
JCHX Mining Management Co Ltd