Chinese buyers and sellers expect gold rush to continue despite record prices [BNN Bloomberg (Canada)]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
societegenerale.com/en/investors
Company Research
Source: BNN Bloomberg
“There are still quite a lot of people buying it, because gold awareness is a long-term trend and it's still heading upwards," gold seller Zhao Jinhao said on Tuesday at a jewelry mall in Shanghai. “It's risen from just over 20 yuan back in the 1980s to more than a thousand yuan now, and it has been on an upward trajectory the whole time.” Gold prices surpassed $5,100 per ounce on Monday after a 62 per cent surge in 2025. The record-breaking run has been propelled by central bank buying to reduce reliance on the U.S. dollar and strong demand across the board from buyers looking for a safe-haven asset after the tumultuous first year of U.S. President Donald Trump's second presidency. Analysts at Societe Generale said on Monday they expect to see gold reach $6,000/oz by year-end, a forecast they said was conservative because prices could well go higher. Sixty-eight-year-old Shanghai resident Wang Qiuqin appeared to agree, saying the “crazy” rise in prices had spurred her to vis
Show less
Read more
Impact Snapshot
Event Time:
SCGLY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SCGLY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SCGLY alerts
High impacting SOCIETE GENL FRNCE S/ADR news events
Weekly update
A roundup of the hottest topics
SCGLY
News
- Completion of Societe Generale's EUR 1 billion share buy-back programme for cancellation purpose [Yahoo! Finance]Yahoo! Finance
- Societe Generale: shares and voting rights as of 31 January 2026 [Yahoo! Finance]Yahoo! Finance
- Analysis-ECB's safety net is part of EU plan to court new allies [Yahoo! Finance Canada]Yahoo! Finance Canada
- SocGen's Overnight Economic News [Yahoo! Finance]Yahoo! Finance
- Societe Generale: Fourth quarter & 2025 full year results [Yahoo! Finance]Yahoo! Finance