TechFlow news, October 24: Huatai Securities pointed out that on the evening of October 21, international gold prices recorded their largest single-day drop in 12 years, falling 5.3%, primarily due to multiple factors causing a significant retreat in risk-averse sentiment. However, during the period of global order restructuring, gold remains the most suitable safe-haven asset. We believe the short-term decline does not affect gold's long-term rationale; the pullback instead offers an opportunity to add positions, and we recommend paying attention again after stabilization. On October 22, the stock price declines of typical gold companies were actually less severe than the drop in gold prices themselves, indicating that market consensus on the long-term allocation value of gold-related assets has not changed. Gold prices remain in a long-term upward trend, and most gold companies are still expected to achieve simultaneous volume and price growth in 2026. Current valuation levels are gradually becoming attractive for increased allocation. We recommend buying on dips and favor leading stocks with both growth potential and resource advantages. (Jinshi)
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