Gold prices have surged to a new historic high, potentially driven by escalating geopolitical tensions in regions such as Russia and Ukraine. On January 12, the intraday price of Huabao Nonferrous Metals ETF (159876) rose over 2.5%, and is currently up 0.37%, continuing to set new highs since its listing!
Accompanying the fervent market activity, capital is actively flowing in! As of this writing, Huabao Nonferrous Metals ETF (159876) has seen a real-time net subscription of 15 million units. Over a longer period, it has attracted a substantial 331 million yuan in the past 10 days!
Regarding constituent stocks, China Rare Earth Resources & Technology rose over 6%, Shenzhen Chengxin Lithium Group gained more than 4%, while Xingye Silver & Tin, Hunan Silver, Gansu Gangyan Nonferrous Metal, and Silver Corp. each advanced over 3%. Among heavyweight stocks, Shandong Gold, China Northern Rare Earth, and Ganfeng Lithium Group all increased by more than 2%.
On the news front, global geopolitical risks continue to intensify, with escalating situations concerning Russia-Ukraine, Iran, and Greenland. Safe-haven demand is pushing gold prices higher; as of this writing, international COMEX gold has broken above $4600 per ounce, setting another record high!
Goldman Sachs predicts that gold prices will rise to $4900 per ounce by the end of 2026. The well-known research firm Yardeni Research has significantly raised its gold price forecast, emphasizing that the strong rally in the precious metals market primarily reflects deep-seated macroeconomic and policy concerns rather than a rebound in global economic activity. The firm has increased its year-end 2026 gold target price from a previous $5000/oz to $6000/oz. Furthermore, Yardeni reiterated its long-term view, expecting gold prices to potentially reach $10,000 per ounce by the end of this decade.
Looking ahead, CITIC Securities points out that, under expectations of loose liquidity, frequent supply disruptions, and structurally strong demand, commodities such as copper, aluminum, gold, strategic metals, and battery metals are expected to continue their upward trend in 2026. Market recognition of the allocation value of resource products is likely to be further enhanced.
[The Nonferrous Metals Boom Has Arrived, The "Super Cycle" is Unstoppable] Huabao Nonferrous Metals ETF (159876) and its feeder fund (Class A: 017140, Class C: 017141) track an index that comprehensively covers industries including copper, aluminum, gold, rare earths, and lithium. It spans different phases of the economic cycle, such as precious metals (safe-haven), strategic metals (growth), and industrial metals (recovery). This full-category coverage enables better capture of the broader sector's beta movements.
Risk Warning: Huabao Nonferrous Metals ETF and its feeder fund passively track the CSI Nonferrous Metals Index. The base date for this index is December 31, 2013, and it was published on July 13, 2015. The index's performance over the past five full calendar years is as follows: 2020, +35.84%; 2021, +35.89%; 2022, -19.22%; 2023, -10.43%; 2024, +2.96%. The index constituents are adjusted according to its compilation rules, and its past performance does not indicate future returns. The mention of constituent stocks herein is for display purposes only; individual stock descriptions are not investment advice of any form and do not represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses this fund's risk level as R3-Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. Suitability matching opinions are subject to the selling institution. Any information appearing in this article is for reference only, and investors are responsible for any independent investment decisions. Furthermore, any views, analyses, or forecasts herein do not constitute investment advice of any kind to the reader, and no liability is accepted for any direct or indirect losses resulting from the use of this content. Fund investment carries risks; past performance of a fund does not guarantee future results, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. Invest carefully in funds.
MACD Golden Cross signals have formed, these stocks are performing well!
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