CITIC Securities: Gold Price Bottom May Rise, Gold Sector Expected to Lead

36Kr reports that a CITIC Securities research note stated that since September, ETFs and central bank purchases have provided sufficient hedging against liquidity selling pressure in the futures market. Gold prices have shown signs of stabilization over the past two weeks and are expected to rise above the bottom seen at the end of June. Similar to how the gold sector rebounded ahead of gold prices in July, a stabilization in current gold prices could serve as an important signal for a rebound in the gold sector. Investors should pay attention to opportunities in the gold sector's rebound.