CITIC Construction Investment said that non-ferrous products experienced partial profit settlement at their respective key resistance levels this week, and non-ferrous rights were also redeemed. However, since there is still a significant upward drive in commodity prices, it is recommended to be more patient with colored colors. The price of gold is temporarily under pressure at the 4,500 US dollar mark, but employment and inflation data have reduced the possibility of interest rate hikes before the midterm elections, and the price of gold is still in a smooth trend. There was a rare high rise in the copper spot side, highlighting the extremely tight inventory situation. Copper prices are close to breaking through a record high, and PE whose equity is only 10 times the price of 10w copper provides a sufficient margin of safety, and the configuration cost ratio is outstanding.

CITIC Construction Investment said that non-ferrous products experienced partial profit settlement at their respective key resistance levels this week, and non-ferrous rights were also redeemed. However, since there is still a significant upward drive in commodity prices, it is recommended to be more patient with colored colors. The price of gold is temporarily under pressure at the 4,500 US dollar mark, but employment and inflation data have reduced the possibility of interest rate hikes before the midterm elections, and the price of gold is still in a smooth trend. There was a rare high rise in the copper spot side, highlighting the extremely tight inventory situation. Copper prices are close to breaking through a record high, and PE whose equity is only 10 times the price of 10w copper provides a sufficient margin of safety, and the configuration cost ratio is outstanding.