Yesterday (January 27), the nonferrous metals sector defied the broader market downturn to lead gains across all industries, with 11 stocks including Zhongjin Gold, Xingye Yinsi, and Tongling Nonferrous Metals hitting their daily limit-up. Huabao Nonferrous Metals ETF (159876) surged 4.77% in intraday price, recording a total trading volume of 221 million yuan, achieving historic highs in both volume and price!
Accompanying the fervent market activity, capital inflows surged dramatically! Huabao Nonferrous Metals ETF (159876) attracted a substantial 174 million yuan in a single day yesterday. Extending the view, it has accumulated a remarkable 717 million yuan over the past 10 days. As of January 26, the ETF's latest asset size reached 2.16 billion yuan, setting a new record high since its listing!
On the news front, yesterday (January 26) spot gold broke through the key psychological barrier of $5,000 per ounce for the first time, marking a historic milestone witnessed by global financial markets. Huaxi Securities pointed out that, influenced by expectations for Federal Reserve interest rate cuts, instability in US dollar credibility, the upcoming US mid-term elections, and geopolitical uncertainties, gold prices are expected to rise further. While the overall market sentiment is bullish on gold's future performance, Dongfang Jincheng notes that short-term caution is warranted against risks of profit-taking by speculative funds, which could lead to increased volatility in gold prices*. Huatai Securities recommends a moderate allocation to the nonferrous metals sector*, suggesting a 10%-20% weighting within one's fund portfolio to both capture the upside potential of nonferrous metals and diversify risk. The underlying index tracked by Huabao Nonferrous Metals ETF (159876) and its feeder fund (017141) encompasses various sub-sectors like precious metals (for hedging), strategic metals (for growth), and industrial metals (for recovery), representing different economic cycles. This comprehensive coverage allows for better capture of the sector's overall beta movements. SDIC Securities indicates that multiple varieties such as gold, silver, tin, and lithium continue to hit record highs, and market pricing for a comprehensive bull market in nonferrous metals is still underway. Currently, the valuation recovery in the nonferrous sector still lags behind the commodity price increases, suggesting attention should be paid to the earnings elasticity of segments like precious metals, industrial metals, and strategic metals. The medium to long-term outlook remains positive for metals including gold, silver, copper, aluminum, tin, rare earths, lithium, tantalum, niobium, antimony, and uranium.*
*Institutional views reference sources: ① Dongfang Jincheng report "Renewed Concerns Over Fed Independence, Gold Prices Fluctuate Upward" dated January 20, 2026; ② Huatai Securities report "What are the Drivers for the Initial Signs of an Inflection Point? — Mid-View Cycle and Tactical Allocation Monthly Report" dated January 8, 2026; ③ SDIC Securities report "Nonferrous Metals Industry Weekly: High Volatility in Multiple Metal Prices, Focus on the Rare Earth Price Increase Trend" dated January 18, 2026. Reminder: Recent market volatility may be significant; short-term gains or losses do not indicate future performance. Investors must make rational investment decisions based on their own financial situation and risk tolerance, paying high attention to position management and risk control. Risk Disclosure: Huabao Nonferrous Metals ETF and its feeder fund passively track the CSI Nonferrous Metals Index. The index's base date is December 31, 2013, and it was launched 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 periodically according to its compilation methodology. Past performance of the index does not guarantee its future results. The mention of individual index constituents herein is for illustrative purposes only and does not constitute investment advice in any form, nor does it represent the holdings or trading动向 of any fund managed by the fund manager. 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 should be based on the selling institution's assessment. Any information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors are solely responsible for any independent investment decisions. Furthermore, any views, analysis, or predictions in this article do not constitute investment advice of any kind to the reader, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks; the past performance of a fund does not indicate its future results, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest in funds cautiously.
MACD golden cross signals have formed, and these stocks are performing well!
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