Understanding the Market | WANGUO GOLD GP Rises Over 17% as Gold's Financial and Safe-Haven Attributes Are Revitalized, Zijin's Empowerment Supports Continuous Growth of the Company's Gold Mining Capacity

Zhitong
2026.07.03 06:50

WANGUO GOLD GP rose over 17%, as of the time of writing, up 14.86%, reported at HKD 9.52, with a transaction volume of HKD 679 million. On the news front, influenced by the U.S. June non-farm payroll data, international gold prices rose in response, while the U.S. dollar and U.S. Treasury bonds both retreated. The World Gold Council stated in its report that under the current consensus expectation scenario, gold prices may maintain a range-bound fluctuation. However, if risks increase or policy expectations change, gold still has clear upward potential. Additionally, industry insiders believe that the current market has begun to actively trade on expectations of a shift in monetary policy, with gold's financial and safe-haven attributes receiving a dual boost. Guoyuan International previously pointed out that WANGUO GOLD GP had signed a cooperation agreement with Zijin Engineering, and Mr. Chen Jinghe, the founder of Zijin Mining, will officially serve as Chief Advisor and Director of the Strategic Development Committee in February 2026, providing in-depth guidance on technology and acquisition concepts. Against the backdrop of Zijin Mining's empowerment, the Jinling Mining Selection Plant is planned to exceed 3.8 million tons by the end of 2026 and is expected to reach 10 million tons by 2027. The bank believes that the company has long-term attention value and recommends continuously tracking its capacity release and cost reduction and efficiency enhancement rhythm in 2026

According to Zhitong Finance APP, WANGUO GOLD GP (03939) rose over 17%, and as of the time of writing, it is up 14.86%, priced at HKD 9.52, with a transaction volume of HKD 679 million.

On the news front, influenced by the U.S. June non-farm payroll data, international gold prices have risen, while the U.S. dollar and U.S. Treasury bonds have both retreated. The World Gold Council stated in its report that under the current consensus expectation scenario, gold prices may maintain a range-bound fluctuation. However, if risks increase or policy expectations change, gold still has clear upward potential. Additionally, industry insiders believe that the market has begun to actively trade on expectations of a shift in monetary policy, with gold's financial attributes and safe-haven properties receiving a dual boost.

Guoyuan International previously pointed out that WANGUO GOLD GP has signed a cooperation agreement with Zijin Engineering, and Mr. Chen Jinghe, the founder of Zijin Mining, will officially serve as Chief Advisor and Director of the Strategic Development Committee in February 2026, providing in-depth guidance on technology and merger concepts. Against the backdrop of Zijin Mining's empowerment, the Jinling Mining Selection Plant is planned to exceed 3.8 million tons by the end of 2026, with expectations to reach 10 million tons by 2027. The bank believes that the company has long-term attention value and recommends continuously tracking its capacity release and cost reduction and efficiency enhancement rhythm in 2026

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.