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Hong Kong Stock Market Midday Review | All three major indices fell, with the Tech Index down 0.62%; Autos and toy Concept stocks rose against the trend, with BYD shares up over 3% and Bruker rising over 6%.
Most Network Technology stocks fell, with JD-SW down 3.60% and NTES-S up 1.81%; many Golden Industrial Concept stocks declined, with Chifeng Jilong Gold Mining down 4.02% and TONGGUAN GOLD down 3.82%; Autos stocks rose, with BYD Company up 3.52% and Geely Auto up 2.40%.
Hong Kong stocks fluctuated丨Golden Industrial Concept fell, trade war cools down, gold dropped below 3170 dollars.
On May 15, Gelonghui reported that international gold prices fell, and Hong Kong stock gold shares declined. Among them, TONGGUAN GOLD dropped nearly 4%, Chifeng Jilong Gold dropped nearly 3%, SD GOLD and ZHAOJIN MINING fell over 2%, and LINGBAO GOLD and Zijin Mining Group dropped about 2%. In terms of news, gold prices plummeted on Wednesday due to easing global trade tensions, which alleviated concerns about a potential global economic recession, boosting investors' risk appetite and reducing gold's appeal as a safe haven. Currently, spot gold in Asia continues to decline, momentarily falling below $3170 per ounce. Market participants stated that the cooling off of market risk aversion is the primary reason for the adjustment in gold prices. The medium to long-term gold price outlook...
The Golden Industrial Concept is under pressure at the start, with LINGBAO GOLD (03330) dropping 2.54% as international gold prices fall below 3,200 dollars per ounce.
JW Financial News | At the beginning of trading, Golden Industrial Concept stocks are under pressure. As of this report, LINGBAO GOLD (03330) is down 2.54%, TONGGUAN GOLD (00340) is down 2.29%, ZHAOJIN MINING (01818) is down 2.35%, SD GOLD (01787) is down 1.75%, CHINAGOLDINTL (02099) is down 1.35%, and Zijin Mining Group (02899) is down 1.13%. In terms of news, on May 15, during the Asian market's early trading, spot gold is hovering at a low level, currently trading around 3183.50 dollars per ounce. Gold prices fell more than 2% on Wednesday, with an intraday low of 3167.94 dollars per ounce.
Zhongtai: Q1 profits from Gold and Industrial Metals continue to increase, Bullish on investment opportunities in Precious Metals and Rare Earth Permanent Magnets Sector.
Be prepared for both possibilities.
The allure of Gold is hard to resist; restoring vitality is just a matter of time!
WisdomTree's strategist pointed out that his scenario analysis shows that the upward risks for gold prices are more significant, and any declines under the current environment may be limited.
Market Update | Golden Industrial Concept strengthened in the afternoon, Chifeng Jilong Gold Mining rose nearly 6%, Institutions are optimistic about the long-term outlook for gold.
On the news front, on May 13, international gold prices stopped falling and rebounded, with spot Gold reaching as high as 3250 dollars.