First trading day of the Year of the Horse: Precious metals lead the way

NightAirdropper · 2026-02-24T14:31:52+00:00

On February 24th, the A-share market迎来 the first trading day of the Year of the Horse, with the Shanghai Composite Index opening up 1.15%, the Shenzhen Component Index and the ChiNext Index opening up 1.52% and 1.70% respectively. Precious metals, oil and gas sectors performed notably, with spot gold prices rising to $5,200 per ounce. Several stocks related to precious metals saw significant gains.

NightAirdropper

2026-02-24 14:31:52

Abstract generation in progress

Yangtze Evening News, February 24th (Reporter Fan Xiaolin) — Today marks the first trading day of the Year of the Horse. The Shanghai Composite Index opened up 1.15%, the Shenzhen Component Index up 1.52%, and the ChiNext Index up 1.70%. Gold, oil and gas, and computing power sectors led the gains.

After the opening, the precious metals sector surged rapidly. Xiaocheng Technology rose over 13%, Hunan Silver approached the daily limit, Sichuan Gold, Hunan Gold, Shenda Resources, Industrial Silver & Tin, Zhijin Gold, and Chifeng Gold also increased. On the news front, spot gold touched $5,200 per ounce for the first time since January 30, up nearly 2% intraday. Additionally, the main contract of Shanghai Futures Exchange silver briefly rose 13%, reaching 22,366 yuan per kilogram.

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