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【Hot Industry】Hong Kong stock Gold stocks rise against the market trend, the core logic supporting Gold in the long term remains unchanged.
Jinwu Financial News | International gold prices are fluctuating amid macroeconomic uncertainties, but Hong Kong gold stocks are showing resilience. Today, Hong Kong gold stocks went against the market trend, with TONGGUAN GOLD (00340) rising by 9.59%, LINGBAO GOLD (03330) by 4.37%, PERSISTENCE RES (02489) by 3.29%, CHINAGOLDINTL (02099) by 1.8%, ZHAOJIN MINING (01818) by 1.43%, and leading stock Zijin Mining Group (02899) increasing by 0.11%; gold and jewelry also have support, with Laopu Gold (06181) rising by 6.28%, and CHOW TAI FOOK (01929)
A major Gold market event may be imminent! Today's focus is on this significant matter: FXStreet senior Analyst's analysis of Gold price Trade.
On Thursday morning in the European market, the spot Gold maintained an upward trend throughout the day, with the current gold price around 3,331 USD per ounce. FXStreet Senior Analyst Dhwani Mehta stated that buyers are now anticipating the release of the US PMI preliminary value by S&P Global later on Thursday, in preparation for the next wave of price increases for Gold.
Hong Kong stock noon review | The three major indices fluctuated, with the Hang Seng Index falling by 0.55% and the Tech Index falling by 0.66%; Cryptos concept stocks strengthened, with BOYAA rising over 5%.
The three major indices of the Hong Kong stock market fell together, with the Index down 0.55%, the Concept down 0.66%, and the National Index down 0.48%. Network Technology stocks weakened, while Cryptos Concept stocks strengthened, and Gold stocks rose.
The dismal results of the US Treasury auction have exacerbated fiscal concerns, while safe-haven sentiment has boosted Gold for four consecutive increases.
Gold has strengthened for the fourth consecutive day due to disappointing results from the 20-year U.S. Treasury auction and concerns that Trump's tax plan will further increase the U.S. budget deficit in the coming years, boosting risk aversion sentiment.
Express News | Gold Concept remains active against the trend, Leysen Jewellery Inc. has hit the limit up for three consecutive days.
The macroeconomic situation remains unpredictable, and with rising gold prices, gold stocks are performing well. CHINAGOLDINTL (02099) increased by 2.92%.
Jinwu Finance | Gold stocks continue to rise, CHINAGOLDINTL (02099) up 2.92%, Chifeng Jilong Gold Mining (06693) up 2.23%, TONGGUAN GOLD (00340) up 1.37%, ZHAOJIN MINING (01818) up 1.22%, LINGBAO GOLD (03330) up 0.94%, PERSISTENCE RES (02489) up 0.66%, SD GOLD (01787) up 0.20%, Zijin Mining Group (02899) up 0.11%. Louise Street, a senior market Analyst from the World Gold Council, stated that macroeconomic factors...
