The interest rate cut cycle of 2025 is approaching! As gold continues to reach new highs, how should the Hong Kong and US stock markets be positioned?

In the second quarter, spot gold prices continued their strong rally, managing to break through $3670 per barrel, again reaching a new all-time high.

According to many market observers, the rise in the price of this tire is more of a special milestone—international spot gold prices have once again surpassed the historic highs of the January 1980 mid-year adjustment.

For example, Gold, which has anti-traffic properties, has a real track record of 45 years, has achieved a new historical high by a mere 45 years.

In addition, as of September 9,$XAU/USD(XAUUSD.FX)$ It has risen more than 38% so far this year, the highest increase since 2000.

What is the way for Gold? What do you see?

The rise in gold prices was largely due to the mutual momentum: US debt and the subprime crisis, stock market credit losses, geopolitical trends continued to tighten, and several banks — emerging markets countries looking to lower the US dollar — are making record purchases. Only the central need is structural support for gold prices, which has not been available since 1980.

According to a recent report by Goldman Sachs, Gold has been the youngest multi-head trade for investors this month, favouring the move to overtake emerging market stocks. This survey from five years ago shows that Gold's current bullish sentiment has reached the strongest level in history.

The data shows that the ratio of investors who see high gold prices and vacationers is close to 8.1, showing the bullish sentiment of the market. This report points to a more important fact: There is no doubt that many heads in the market are empty camps, and that Gold will be considered as the preferred Trade.

Goldman Sachs has warned that investors will only need to shift their holdings of US bonds to gold as a result of the loss of their mutual fund credit, and the price of gold could rise to a staggering level of close to $5000 per company.

Goldman Sachs maintains that Gold is the most highly recommended spot in the Commodity sector. Therefore, under the fundamentals, gold prices are expected to show an upturn in the next two years. As a result, Goldman Sachs has set three different price targets for the price of gold.

Under the baseline, the gold price will reach $4000 per ounce in mid-2026. This forecast is based on the continuation of the current market environment and policy trends.

In the tail risk scenario, the gold price could rise to $4500. The situation takes into account more uncertainties about the potential impact on the market.

The extreme case is that if only 1% of the capital in the privately held US debt market flows to the Goldgold market, the price of gold will rise to a level close to $5000 before the rest of the conditions change.

What investment opportunities are there to watch for in the Hong Kong and US equity markets?

Stepson is a member of Hong Kong American Stock Market Equity and ETF, providing investor references:

Other US Equity Gold Shares Include $AngloGold Ashanti(AU.US)$ 、 $Gold Fields(GFI.US)$ 、 $Kinross Gold(KGC.US)$ 、 $Newmont(NEM.US)$ 、 $Agnico Eagle(AEM.US)$ 、 $Barrick Mining(B.US)$ This year, these companies grew in the 90%-180% Range on average.

US Equity Efund ETF includes $SPDR Gold ETF(GLD.US)$ 、 $Gold Trust Ishares(IAU.US)$ 、 $VanEck Gold Miners Equity ETF(GDX.US)$ , Leverage classes include $MicroSectors Gold Miners 3X Leveraged ETN(GDXU.US)$ 、 $Direxion Daily Gold Miners Index Bull 2X Shares(NUGT.US)$ 、 $ProShares Ultra Gold(UGL.US)$ 。

Hong Kong Gold Shareholders Can Be Concerned $LINGBAO GOLD(03330.HK)$ 、 $CHINAGOLDINTL(02099.HK)$ 、 $SD GOLD(01787.HK)$ 、 $ZHAOJIN MINING(01818.HK)$ 、 $CHIFENG GOLD(06693.HK)$ 、 $ZIJIN MINING(02899.HK)$ , These companies grew in the 110%~520% Range this year.

HKEx Efund Gold ETF includes $SPDR Gold Trust(02840.HK)$ 、 $Value Gold ETF(03081.HK)$ 、 $Hang Seng RMB Gold ETF(83168.HK)$ 。