Understanding the Market | Gold stocks lead the gains, China Gold International rises over 4%, Zijin Mining rises over 3%
Gold stocks are leading in gains. As of the time of publication, China Gold International rose 4.91% to HKD 181.6; Zijin Gold International rose 4.02% to HKD 170.6; Zijin Mining rose 3.55% to HKD 39.12; and CHIFENG GOLD rose 3.88% to HKD 42.88. In terms of news, U.S. President Trump stated on May 11 local time that the current ceasefire agreement between the U.S. and Iran is "extremely fragile" and is in a "precarious" state. Iranian officials indicated that there are serious differences between the two sides on issues such as the disposal of enriched uranium, the timeline for suspending uranium enrichment activities, and war reparations. The geopolitical tensions are escalating again, becoming a core factor supporting gold prices. Huafu Securities pointed out that in the short term, precious metals are swaying with the Middle East situation and expectations of interest rate cuts by the Federal Reserve; in the medium to long term, under the backdrop of global tariff policies and geopolitical uncertainties, safe-haven and stagflation trades remain the core of gold trading, and the long-term allocation value remains unchanged
According to Zhitong Finance APP, gold stocks are among the top gainers. As of the time of publication, China Gold International (02099) rose by 4.91% to HKD 181.6; Zijin Gold International (02259) increased by 4.02% to HKD 170.6; Zijin Mining (02899) climbed by 3.55% to HKD 39.12; and CHIFENG GOLD (06693) went up by 3.88% to HKD 42.88.
In news, U.S. President Trump stated on May 11 local time that the current ceasefire agreement between the U.S. and Iran is "extremely fragile" and is in a "precarious" state. Iranian officials indicated that there are serious disagreements between the two sides regarding the disposal of enriched uranium, the timeline for suspending uranium enrichment activities, and war reparations. The geopolitical tensions have once again escalated, becoming a core factor supporting gold prices.
Huafu Securities pointed out that in the short term, precious metals are swaying with the Middle East situation and expectations of interest rate cuts by the Federal Reserve; in the medium to long term, under the backdrop of global tariff policies and geopolitical uncertainties, safe-haven and stagflation trades remain the core of gold trading, and the long-term allocation value remains unchanged
