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Express News | The Ministry of Foreign Affairs stated that the so-called 'forced labor' in Xinjiang is entirely a fabricated lie by anti-China forces.
U.S. House China Committee Chair Presses Morgan Stanley on Zijin Gold's Hong Kong Listing
Hong Kong Stock Moves | Gold stocks collectively decline as multiple Fed officials adopt a hawkish stance, causing significant fluctuations in international gold prices.
Gold stocks collectively declined. As of press time, China Silver International (00815) fell 4.11% to HKD 0.7; Tongguan Gold (00340) dropped 2.07% to HKD 2.84; Lingbao Gold (03330) decreased 2.41% to HKD 17.38; Zijin Gold International (02259) fell 2.16% to HKD 140.1.
Gold rebounds fiercely! Citi predicts $6,000 per ounce but warns of pressure in 2026.
Citi believes that, under a bull market scenario, gold prices will rise to USD 6,000 by 2027. The core rationale is the significant mismatch between global wealth and the relatively small physical gold market. According to the report, a mere 1.5% increase in global household wealth allocated to gold would deplete 18 years of mining supply, an imbalance that can only be resolved through a price surge. Moreover, this round of growth is primarily driven by U.S. investors rather than central banks, with inflows into their ETFs accounting for the majority of the global increase.
Hong Kong Stocks Close | Major Indices End Higher; Auto and Gold Stocks Buck the Trend with Declines
① What are the reasons for the strong performance of insurance stocks? ② Why are home appliance stocks rising?
Has Valuation Reached Its Limit? A Five-Dimensional Analysis of Gold Prices
Citi stated that gold has reached historically 'expensive' levels across five dimensions, including its share of GDP and household wealth. Nevertheless, the future trajectory of gold remains highly uncertain. The bank believes that under the base scenario (50% probability), gold prices will retreat to USD 3,650 by 2026. However, in a bull market scenario (30% probability) triggered by structural risks, gold prices could surge to USD 5,000.