Goldmine businesses shine in Asia with a record level

The shares of Asian gold mining companies rose on Friday, with metal prices reaching a record level, as investors are looking for secure assets in a market that has witnessed that the fluctuations were increased. The price of gold in immediate transactions recorded $ 2993 per gram, exceeding the highest historical level he achieved yesterday. Investors accept the purchase of the precious metal amid the increase in trade tensions between the United States and the rest of the world, which negatively affected the shares in “Wall Street”. US inflation data, which shows the slowdown of prices this week, has contributed to improving expectations by reducing interest rates by the Federal Reserve, which supported gold prices, as it does not benefit. Gold mining companies were the two listed mining companies on the Hong Kong Stock Exchange, ‘Shandong Gold Mining’ and ‘Zijin Mining’ among the largest beneficiaries, as each of them increased by more than 5% on Friday at about one o’clock. On the mainland of China, the shares of “Chingjin Gold” rose 5.6%, and Zhongjin Gold shares rose by more than 2%. The shares of Australian mining companies, “Genesis Minerals”, have risen 8.4% to their highest level since 2011. The shares of “Westgo Resources” and “Westgold Resources” and “Regis Resources” as well as the Japanese Sumitomo ministry. The shares of some Chinese jewelry businesses also climbed this week. Zhejiang Ming -jewelry shared 10%on the head of China on Friday, which is the maximum increase for the fourth day. The Chow Tai Fook jewelry has increased. However, the shares of other jewelry businesses have reduced their profits, taking into account the possibility of consumers returning from buying due to the arrival of gold prices to high historical levels.