{"id":128545,"date":"2025-11-12T02:17:12","date_gmt":"2025-11-12T02:17:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/128545\/"},"modified":"2025-11-12T02:17:12","modified_gmt":"2025-11-12T02:17:12","slug":"chinese-gold-stocks-set-to-shine-as-ubs-and-schroders-see-bullion-extending-gains","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/128545\/","title":{"rendered":"Chinese gold stocks set to shine as UBS and Schroders see bullion extending gains"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Zijin Mining Group and other Chinese gold producers may get another boost from a spurt in the price of the precious metal, as some investment banks and asset managers believe the record-breaking rally in bullion is far from over.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Gold reclaimed the US$4,100 an ounce level this week, indicating that a brutal sell-off last month that sent it plunging from a record US$4,381 may be over.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">UBS Group\u2019s global wealth management unit predicts that gold will hold onto the US$4,200 level in the next 12 months and could even hit US$4,700, should risks arise on the geopolitical and financial market fronts.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Meanwhile, UK-based asset management firm Schroders said that the price of the yellow metal would continue to be underpinned by central-bank buying and growing government debt among the world\u2019s major economies.<\/p>\n<p><img decoding=\"async\" alt=\"Zijin Mining's share price has been consolidating after rallying to an all-time high last month. Photo: Shutterstock\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/11\/2d89cbe8-ceb0-42b5-bf29-37a2226c1773_fb4f1e1c.jpg\" title=\"Zijin Mining's share price has been consolidating after rallying to an all-time high last month. Photo: Shutterstock\"\/>Zijin Mining&#8217;s share price has been consolidating after rallying to an all-time high last month. Photo: Shutterstock<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cBullion can rise further amid strong demand driven by global debt concerns, political uncertainty and the [Federal Reserve\u2019s] policy easing,\u201d UBS Global Wealth Management Chief Investment Office said in a report on Tuesday. \u201cWe remain bullish on gold, viewing it as an effective portfolio diversifier and hedge.\u201d<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The bullish calls may present a buying opportunity for investors in gold producers, whose stock prices are highly correlated to the movements in bullion. For example, the share price of Zijin Mining, China\u2019s biggest gold producer, has been consolidating after rallying to an all-time high last month, with the momentum waning due to the spillover effect from the commodity market.<\/p>\n","protected":false},"excerpt":{"rendered":"Zijin Mining Group and other Chinese gold producers may get another boost from a spurt in the price&hellip;\n","protected":false},"author":2,"featured_media":128546,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[12624,5599,1657,80806,7737,4318,1247,80807,80803,42,43,78168,8654,80805,40,38,41,39,2488,11553,443,80804],"class_list":["post-128545","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-bangkok","tag-bullion","tag-china","tag-chinese-gold-producers","tag-congress","tag-federal-reserve","tag-gold","tag-gold-producers","tag-gold-stocks","tag-headlines","tag-news","tag-schroders","tag-senate","tag-spi-asset-management","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-trump-administration","tag-ubs-group","tag-uk","tag-zijin-mining"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/128545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=128545"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/128545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/128546"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=128545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=128545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=128545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}