Guojin Metals issued a note highlighting a strong rally in Chinese gold equities, suggesting the market may repeat the July pattern where gold stocks outperformed gold prices by 50% during a tech pullback. The broker recommends several gold miners including Wanguo Gold, Lingbao Gold, and A-share names like Zhongjin Gold and Shandong Gold International.
Guojin Metals is bullish on Chinese gold stocks, expecting a repeat of July's outperformance driven by real interest rate pullback, European fiscal risk hedging, and returning Chinese demand.
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