Understanding the Market | Gold stocks collectively decline, LINGBAO GOLD falls over 4%, SD GOLD falls over 3%
Gold stocks collectively declined. As of the time of writing, LINGBAO GOLD fell 4.08% to HKD 10.34; SD GOLD dropped 3.8% to HKD 25.35; CHINAGOLDINTL decreased 2.49% to HKD 68.6; and CHIFENG GOLD fell 1.65% to HKD 23.8. On the news front, the prices of precious metals fell again due to the combined pressure of positive progress in US-EU trade negotiations and a rebound in the US dollar index. Guosen Futures believes that looking ahead, the short-term cooling of trade frictions may suppress the upward space for gold, while silver faces uncertainty challenges from the industrial demand side; however, the potential policy shift expectations of the Federal Reserve, coupled with geopolitical tail risks, still provide solid bottom support for precious metals. Everbright Futures stated that it will continue to pay attention to gold's performance within the fluctuation range, as well as the upcoming trade negotiations, Federal Reserve interest rate meetings, and non-farm employment data
According to Zhitong Finance APP, gold stocks collectively declined. As of the time of publication, Lingbao Gold (03330) fell by 4.08%, trading at HKD 10.34; Shandong Gold (01787) dropped by 3.8%, trading at HKD 25.35; China Gold International (02099) decreased by 2.49%, trading at HKD 68.6; and Chifeng Gold (06693) fell by 1.65%, trading at HKD 23.8.
On the news front, precious metal prices have once again declined due to the combined pressure of positive progress in US-EU trade negotiations and a rebound in the US dollar index. Guosen Futures believes that looking ahead, the short-term cooling of trade frictions may suppress the upward space for gold, while silver faces challenges from uncertainties on the industrial demand side; however, the potential policy shift expectations from the Federal Reserve, combined with geopolitical tail risks, still provide solid bottom support for precious metals. Everbright Futures stated that it will continue to monitor gold's performance within the fluctuating range, as well as the upcoming trade negotiations, Federal Reserve interest rate meetings, and non-farm employment data
