Tibet Huayu Mining Co Ltd

The Federal Reserve kept its benchmark interest rate unchanged at 3.50% to 3.75% at its July meeting, marking the fifth consecutive hold this year and in line with broad market expectations. On the news, the precious metals sector rose 3.52% intraday on July 30, with Zhaojin Gold up 9.99%, Chifeng Gold up 5.12%, Western Gold up 4.82%, Huayu Mining up 4.17%, and Sichuan Gold up 3.87%. A research note from Changjiang Securities pointed out that looking ahead to the second half, easing geopolitical impacts, retreating oil prices and inflation, coupled with continued central bank gold purchases for de-dollarization led by China, will gradually restore demand support. It maintains a medium-term bullish view and recommends actively adding positions on pullbacks. A Shanghai Securities research note noted that the allocation value of precious metals is expected to stand out in 2026. In addition, demand for new materials such as solder paste, indium phosphide, and tantalum-niobium materials continues to rise in sub-sectors like optical modules. Industries including AI, semiconductor self-sufficiency, and aerospace are driving structural growth in precious metals-related industrial chains.