Galaxy Securities said that the end of the Fed’s current rate hike cycle is approaching, and the market’s expectations for interest rate cuts are heating up. This may start a new round of gold price rise.
From the perspective of the Fed's five rounds of interest rate hike cycles since 1990, from the end of the current round of interest rate hikes to the start of the next round of interest rate cut cycles, the yield of gold improved significantly during this process.
Gold has entered a bull market, and rising gold prices will bring significant excess returns to the gold sector. At present, the valuation of the A-share gold sector is still in a relatively safe position.
