CITIC Securities: Gold Sector Poised to Reach New Highs

2026-03-19 08:16:45

Gold prices’ medium-term trend after each Middle East conflict still depends on the US dollar’s credit and liquidity factors, according to CITIC Securities. Looking ahead to this round of conflict, the continuation of loose liquidity and weakening US dollar credit are expected to further boost gold prices. Historically, valuation or stock price percentile advantages have strengthened the upside potential of the gold sector. Currently, leading companies’ P/E ratios have fallen to a historic low of 15–20x. Considering the recent synchronization of stock and gold price peaks, we are optimistic about new highs in gold prices driving new highs in stock prices.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes