Understanding the Market | Most Gold Stocks Rise, SD GOLD Up Nearly 7% as Dollar Weakens and Rate Cut Expectations Support Gold Prices
Most gold stocks rose, with SD-GOLD up 6.7% to HKD 28.65; CHINAGOLDINTL up 4.64% to HKD 72.2; LINGBAO GOLD up 4.09% to HKD 10.18; and ZHAOJIN MINING up 2.23% to HKD 20.6. On the news front, the recent easing of tensions in the Middle East has weakened gold's safe-haven appeal, but a softening dollar and expectations of interest rate cuts by the Federal Reserve have supported gold prices. Notably, according to CCTV News, on June 25 local time, U.S. President Trump stated that the U.S. would hold talks with Iran next week. Trump expressed that he is "very confident" that the military conflict between Israel and Iran has ended. The conflict between Israel and Iran may flare up again, possibly soon. Founder Futures pointed out that in the medium to long term, the Federal Reserve is still in a rate-cutting cycle, and against the backdrop of a weakened dollar credit and an increasing scale of U.S. debt, the upward logic for gold and silver remains unchanged
According to Zhitong Finance APP, most gold stocks rose, with SD-GOLD (01787) up 6.7% to HKD 28.65; CHINAGOLDINTL (02099) up 4.64% to HKD 72.2; LINGBAO GOLD (03330) up 4.09% to HKD 10.18; and ZHAOJIN MINING (01818) up 2.23% to HKD 20.6.
On the news front, the recent easing of tensions in the Middle East has weakened gold's safe-haven appeal, but a softening dollar and expectations of interest rate cuts by the Federal Reserve have provided support for gold prices. Notably, according to CCTV News, on June 25 local time, U.S. President Trump stated that the U.S. would hold talks with Iran next week. Trump expressed that he is "very confident" that the military conflict between Israel and Iran has ended. The conflict between Israel and Iran may flare up again, possibly soon. Founder Zhongqi Futures pointed out that in the medium to long term, the Federal Reserve is still in a rate-cutting cycle, and against the backdrop of a weakened dollar credit and an increasing scale of U.S. debt, the upward logic for gold and silver remains unchanged
