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Boosted by factors such as the Federal Reserve's approaching interest rate cut and geopolitical conflicts, gold prices are once again approaching their all-time highs.

On August 13, ANZ commodity strategists pointed out in a report that gold prices could reach $2,550 per ounce by the end of the year.

According to the latest statistics from the China Gold Association, my country's domestic raw gold production in 2023 was 375.155 tons, a year-on-year increase of 0.84%. Among them, gold production from gold mines was 297.258 tons, and non-ferrous by-product gold was 77.897 tons. In addition, imported raw materials produced 144.134 tons of gold in 2023, a year-on-year increase of 14.59%. In total, the country produced 519.289 tons of gold, a year-on-year increase of 4.31%.

Among A-share companies, gold-listed companies also benefited from the rise in gold prices, bringing about a significant improvement in performance.

According to the 2024 semi-annual performance forecast of gold listed companies:

Zijin Mining: It is expected that the net profit attributable to shareholders of the listed company in the first half of 2024 will be about 14.55 billion yuan to 15.45 billion yuan, which will increase by about 41% to 50% compared with the same period last year. According to WIND data, Zijin Mining is currently heavily held by 421 funds under at least 40 fund companies, with a total market value of 21.44 billion yuan, including products managed by well-known fund managers. At present, 162 funds have set it as the top three heavily held stocks, and the largest holdings are broad-based ETF products such as Hua Xia SSE 50 ETF (510050), E Fund CSI 300 ETF (510310), and Harvest CSI 300 ETF (159919).