[CITIC Securities Metals] Copper Price Challenges $14,000, Gold Price Reaches $4,100, Seize the Rebound in Copper and Gold Sectors

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### [CITIC Securities Metals] Copper Price Challenges $14,000, Gold Price Reaches $4,100, Seize the Rebound in Copper and Gold Sectors Time: 2026-07-30 10:20:18 Content: [CITIC Securities Metals] Copper Price Challenges $14,000, Gold Price Reaches $4,100, Seize the Rebound in Copper and Gold Sectors. In the stage of market sentiment recovery and the reversal of excessively pessimistic macro expectations, copper and gold mining stocks have already shown early signs of valuation repair, recovering from the freezing point of 9-10x to 10-11x, but they are still in a valuation trough. Copper prices are once again challenging $14,000 due to low inventories and overseas mine disruptions, while gold prices stand above $4,100. The price expectation (i.e., profit expectation) is expected to resonate with valuation repair, bringing greater upside elasticity for copper and gold mining stocks. Subsequent potential macro shifts can still help gold prices continue to recover, while falling inventories and improved fundamentals will lead to new highs in copper prices. ...