LINGBAO GOLD (03330) News

Stock Market Movements | Gold stocks generally under pressure as US April CPI data surpasses expectations across the board; markets continue to focus on geopolitical tensions between the US and Iran.

Gold stocks are generally under pressure. As of press time, Lingbao Gold (03330) fell by 3.53%, trading at HKD 22.44; Shandong Gold (01787) dropped by 2.9%, trading at HKD 29.44.

Zhitong Finance11:10

Intelligent Stock Connect Proportion Anomaly Statistics | May 13

Intelligent Channel HK Stock Connect Ratio Change Statistics | May 12, 2026

Zhitong Finance08:36

India significantly raised the import tariffs on gold and silver to 15% in a bid to curb imports and strengthen the rupee.

India announced an increase in import duties on gold and silver from 6% to 15%. Prime Minister Modi appealed to the public to avoid purchasing gold for a year to alleviate the trade deficit and help protect foreign exchange reserves. As the world's second-largest consumer of precious metals, industry insiders anticipate that the significant rise in tariffs will lead to a further decline in compliant imports, directly suppressing physical gold demand.

wallstreetcn06:06

Express News | India raises basic customs duty on gold and silver imports from 5% to 10%.

Breakings03:27

What does the April CPI imply? 'New Fed Wire': Rate cuts are no longer a 2026 story, and Kevin Warsh is in trouble.

Nick Timiraos believes that the April CPI will not alter the fundamental stance of hawks or doves within the Federal Reserve, but if subsequent data continues in this vein, the doves will find themselves in a more difficult position. Future discussions within the Fed will largely hinge on whether fuel and commodity shipments in the Persian Gulf can return to normal. Should disruptions persist, it will become increasingly challenging to marginalize the topic of interest rate hikes in internal deliberations. Analysts note that traders are increasingly inclined to believe that the Fed may not cut interest rates at all this year, and if they do, such action is more likely to be delayed until later in the year. Some institutions have begun discussing the potential need for further rate hikes.

wallstreetcn03:06

UBS Group continues to be bullish on gold, citing multiple supportive factors. Gold prices are still expected to hit new highs within the year.

Teves pointed out that the factors driving this rise in gold prices remain stable—primarily supported by expanding demand from private investors and central banks. Amid increasing macroeconomic and geopolitical uncertainties, gold is gradually becoming a core component of investment portfolios.

cls.cnMay 12 14:51

UBS Group: Gold prices are expected to reach new highs this year, with a pullback to USD 4,000 presenting a good buying opportunity.

UBS Investment Bank maintains a positive outlook on gold, expecting prices to reach new highs this year. Joni Teves, Precious Metals Strategist at UBS Investment Bank, believes that the likelihood of gold prices rising, potentially even exceeding the bank’s baseline forecast, continues to increase over the medium to long term. The core drivers behind the rise in gold prices remain unchanged, including sustained demand expansion from both private and official sectors, supporting the overall upward trend. Gold's role as a core allocation in investment portfolios is increasingly prominent. In an environment of high macroeconomic uncertainty, the trend towards diversifying assets into gold remains strongly supported. Short-term adjustments in gold prices present buying opportunities, according to the bank.

AASTOCKSMay 12 12:07

Multiple positive factors boost international gold prices; Zijin Mining's shares surged over 4% at one point during trading.

① What was the situation of gold consumption nationwide in the first quarter of this year? ② What impact does the "de-dollarization" trend have on gold prices?

cls.cnMay 12 11:00

The gold-silver ratio has collapsed! Silver just hit a two-month high. Is the next 'Micron trade' on the horizon?

On Monday, against the backdrop of subdued performance in gold, silver prices recorded their largest single-day gain in months, breaking through a key resistance level and reaching a two-month high.

Zhitong FinanceMay 12 09:43

Abnormal Fluctuation Statistics of HKEX Connect | May 12

Abnormal Fluctuation Statistics of Hong Kong Stock Connect | May 11, 2026

Zhitong FinanceMay 12 08:36

The UAE involved in the conflict? Reports claim it secretly attacked Iran, hitting an oil refinery on an island in the Persian Gulf in April.

According to reports, the UAE has long attempted to maintain a relatively balanced position between Iran and the West. However, as Iran's ongoing missile and drone attacks on the UAE territory continue to impact key industries such as aviation, tourism, and real estate, the UAE government’s stance has shifted, increasingly favoring the use of its advanced military capabilities to directly counter the Iranian threat. Following the report, crude oil prices extended their gains, with West Texas Intermediate (WTI) climbing towards $99 per barrel.

wallstreetcnMay 12 05:27

Express News | According to the Wall Street Journal, sources reported that the UAE had previously carried out a military strike against Iran. The UAE’s attack included an assault on an oil refinery located on Iran's Lavan Island. The UAE has not publicly acknowledged it

BreakingsMay 12 04:12

Rupee in Crisis: India Quietly Plans Foreign Exchange Defense, Gold Purchase Restrictions May Be the First Step

Impacted by the war in Iran, India is facing significant foreign exchange pressure, with the rupee depreciating 5.6% against the US dollar year-to-date and foreign exchange reserves dropping to USD 690.7 billion. Prime Minister Modi has called on the public to stop purchasing gold, limit outbound tourism, use public transportation, and work from home. The government is studying several emergency measures, including restricting non-essential imports, raising fuel prices, and tightening regulations on foreign exchange withdrawals, to protect foreign exchange reserves and alleviate pressures on the current account deficit.

wallstreetcnMay 12 00:50

Industrial Securities: The non-ferrous metals sector experienced an initial rise followed by a decline, with high-probability opportunities selected amidst geopolitical uncertainties.

If the new chair's policy stance shifts from hawkish to dovish in the second half of 2026, an increase in market expectations for rate cuts will drive real interest rates lower. This development, combined with structural support from a weakening of the US dollar's credibility, could propel gold prices to break through the current range and trend higher.

Zhitong FinanceMay 11 14:02

Hong Kong Stock Movement | Gold stocks generally fell this morning as spot gold once again dropped below $4,700 per ounce. A strong non-farm payroll report may raise the threshold for Federal Reserve rate cuts.

Gold stocks generally declined this morning. As of the time of writing, Chifeng Gold (06693) fell by 4.46%, trading at HKD 43.58; Lingbao Gold (03330) dropped by 4.79%, trading at HKD 23.84.

Zhitong FinanceMay 11 09:36

Abnormal Trading Statistics of HKEX Connect | May 11

Intelligent Stock Connect Proportion Anomaly Statistics | May 8, 2026

Zhitong FinanceMay 11 08:36

Iran responded to the 'proposal to lift oil sanctions within 30 days,' with Trump calling it 'completely unacceptable,' while Netanyahu stated that 'the US-Israel military actions against Iran are not yet over.'

The nuclear negotiations between Iran and the US have deteriorated sharply, with Iran demanding that oil sanctions be lifted within 30 days and control over the Strait of Hormuz be established. Trump strongly condemned the move as "completely unacceptable," accusing Iran of repeatedly delaying and "playing games" with the United States for decades. Israeli Prime Minister Netanyahu simultaneously stated that military actions against Iran are "not yet over."

wallstreetcnMay 11 08:35

Bank of America: U.S. stocks and gold may record double-digit gains for the fourth consecutive year in 2023.

① Strategists at Bank of America predict that the U.S. stock market and gold market are poised to achieve double-digit growth for the fourth consecutive year; ② The bank forecasts an annualized increase of 20% for the S&P 500 Index this year, with gold expected to rise by 30%; ③ The bank also notes that small-cap stocks, emerging markets, and commodities are at a long-term bullish turning point, with the materials sector potentially becoming the next investment opportunity.

cls.cnMay 9 21:09

Gold rebounds above the key trendline; can the bulls regain control?

Gold prices have risen for four consecutive days, regaining momentum and breaking through key moving averages! The weakening of the US dollar, sustained central bank gold purchases, and easing expectations of interest rate hikes have collectively created a favorable environment for gold's rebound. However, resistance at the $4,800 level persists, with inflation and concerns over interest rate hikes still looming. Amidst this pivotal battle between bulls and bears, can this "gold rush" continue?

wallstreetcnMay 9 15:28

BofA's Hartnett: The strength of the U.S. stock market is historically rare, and gold is expected to rise by 30% this year.

The Bank of America's Hartnett team noted that both the U.S. stock market and gold are on track for a rare fourth consecutive year of double-digit gains, with the S&P 500 Index potentially achieving an annualized increase of 20% and gold reaching 30%. Recently, the Nasdaq and S&P 500 have hit new highs, with gold nearing $5,600 per ounce this year, just short of its target gain of 30%, or $5,631.6 per ounce. The team believes that market breadth is improving, and small-cap stocks, emerging markets, and commodities have reached "a bullish long-term inflection point."

wallstreetcnMay 9 00:14