According to Jinshi.com, after the European Central Bank announced a rate cut, both spot and futures gold prices rose. Spot gold hit a new record high of $2,586.18 per ounce, and COMEX gold futures broke through $2,614.6 per ounce.
A staff member of the Securities Department of China Gold Mining Group said that the rising gold price is good for the company. Currently, the company is mainly engaged in mining and smelting, and finished gold is mainly traded in spot transactions at gold exchanges.