Koyo Tech (1785) today (23rd) demonstrated a remarkable technical breakthrough, with the stock price hitting the daily limit-up during trading and closing at NT$69.3, creating a new high not seen in over a year and a half. This wave of increase is not without foundation but is the result of multiple positive factors working together. As of the close, there are still over ten thousand buy orders waiting at the limit-up, indicating market optimism for this Taiwanese leader in advanced materials and precious metal recycling.
Risk aversion funds flow in, gold prices soar, igniting the first fuse
Currently, the global geopolitical situation is tense and escalating, with central banks around the world increasing gold purchases. International spot gold prices have approached the historic peak of US$4,500 per ounce, with a shocking year-to-date increase that has shaken the market. Amid this risk aversion wave, Koyo Tech, as the largest revenue contributor among Taiwan’s "Golden Trio" and a leader in recycling technology, has a market consensus on the positive correlation between its stock price and gold prices.
From a fundamental perspective, the high gold prices bring Koyo Tech