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TF Securities: Gold is still the preferred choice for the annual victory, and the pessimistic expectations of copper demand may have been interpreted in advance.
Jinshi Data August 22nd News, Tianfeng Securities said that it continues to be optimistic about the performance of gold prices after the interest rate cut. The pessimistic expectation of copper demand may have been interpreted in advance. The previous pullback in copper prices may have digested relatively pessimistic demand expectations. Recently, downstream consumption has risen under the pullback of copper prices, and the downward space for copper prices may be limited this year.