China News Agency, Beijing, January 9th (Reporter Chen Kangliang) China's A-shares continued to strengthen on the 9th (Monday), and all major stock indexes rose.

The precious metals sector performed brilliantly, leading the gains.

  The precious metals sector rose 4.4% on the day, according to data from financial data service provider Orient Fortune.

In terms of individual stocks, the stock prices of Zijin Mining, Yintai Gold, Chifeng Gold, and Hunan Gold all rose by more than 4% on the day.

  Ao Chong, an analyst at CITIC Securities, said that the recent strengthening of precious metal prices, especially gold prices, has driven the rise of related sectors.

The core factor affecting the current gold price is the change of US monetary policy.

At the same time, the risk aversion triggered by international geopolitical conflicts and the expectation that the Federal Reserve's aggressive interest rate hikes may lead to a recession in the United States have effectively supported gold prices.

Compared with the uncertainty of the Fed's monetary policy changes, the support effect of the latter two on the gold price is more clear. If the Fed enters a cycle of interest rate cuts, the gold price may start a "main rise" market, which will benefit related companies.

  Wan Yijing, an analyst at Galaxy Futures, said that the recent strengthening of precious metal prices is mainly due to the market's rising expectations of a U.S. economic recession.

Data show that the ISM (Institute for Supply Management) non-manufacturing PMI (Purchasing Managers Index) recorded 49.6 in December, the first time since June 2020 that it has fallen below the boom-bust line. Waiting for precious metal prices to rise.

  In terms of the overall performance of the market that day, as of the close, the Shanghai Composite Index was at 3176 points, an increase of 0.58%, with a turnover of 342.7 billion yuan (RMB, the same below); the Shenzhen Component Index was at 11450 points, an increase of 0.73%, with a turnover of 464.5 billion yuan yuan; the ChiNext Index reported 2440 points, up 0.75%.

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