Core Viewpoint - The gold stocks have rebounded in early trading, with notable increases in share prices for several companies, despite recent declines in international gold prices due to weakened safe-haven demand and inconsistent expectations regarding U.S. economic data and interest rate cuts [1]. Company Performance - China Gold International (02009) increased by 3.37%, reaching HKD 134.9 - Zijin Mining International (02259) rose by 2.57%, reaching HKD 135.9 - Zhaojin Mining Industry (01818) gained 2.32%, reaching HKD 28.28 - Shandong Gold (01787) increased by 1.8%, reaching HKD 32.84 [1]. Market Analysis - COMEX gold prices recently fell below USD 4000 per ounce, influenced by two main factors: a reduction in safe-haven demand and the lack of important U.S. economic data, leading to mixed investor expectations regarding the labor market and inflation trends [1]. - According to Everbright Securities, the combination of the U.S. entering a rate-cutting cycle and increased global uncertainty has led to a resurgence in gold ETF investment demand. The trend of central banks increasing gold holdings continues amid a backdrop of de-dollarization, supporting a bullish outlook for gold prices [1]. Recommendations - Everbright Securities recommends investing in Zijin Mining and suggests monitoring Chifeng Jilong Gold Mining and Zijin Mining International [1].

Core Viewpoint - Gold stocks experienced a rebound in early trading, with notable increases in share prices for several companies, despite recent declines in international gold prices [1] Group 1: Company Performance - China Gold International (02009) rose by 3.37%, trading at 134.9 HKD [1] - Zijin Mining International (02259) increased by 2.57%, trading at 135.9 HKD [1] - Zhaojin Mining Industry (01818) saw a rise of 2.32%, trading at 28.28 HKD [1] - Shandong Gold (01787) grew by 1.8%, trading at 32.84 HKD [1] Group 2: Market Analysis - COMEX gold prices recently fell below 4000 USD/ounce, influenced by reduced safe-haven demand and inconsistent expectations regarding U.S. labor market and inflation data [1] - Citic Securities' chief economist noted that the decline in gold prices was due to weakened safe-haven support and uncertainty in economic data releases [1] - Everbright Securities reported that the U.S. entering a rate-cutting cycle, combined with increased global uncertainty, has led to a resurgence in gold ETF investment demand [1] - The trend of central banks increasing gold holdings continues under the backdrop of de-dollarization, with a positive outlook for gold prices [1]

Market Performance - On November 18, gold stocks in Hong Kong and A-shares experienced significant declines, with Lingbao Gold (03330.HK) dropping 8.88%, Tongguan Gold (00340.HK) down 5.38%, and Zhaojin Mining (01818.HK) falling 5.08% [2][3] - In A-shares, Zhongjin Gold (600489.SH) fell 3.51%, Zhaojin Gold (000506.SZ) decreased by 3.34%, and Hunan Gold (002155.SZ) dropped 3.1% [2][3] Gold Price Trends - Spot gold prices faced heavy selling pressure, briefly falling below $4000 per ounce for the first time since November 10, marking the fourth consecutive day of decline [4][5] - As of the latest update, spot gold was reported at $4041.62 per ounce [4] Influencing Factors - The decline in gold prices and stocks is primarily attributed to a strengthening US dollar and a cooling expectation for a Federal Reserve rate cut in December [5][6] - Recent comments from regional Federal Reserve presidents opposing further rate cuts have contributed to market sentiment, emphasizing ongoing inflation concerns [6][7] Market Outlook - Short-term adjustments in the gold market are expected to continue, with institutions predicting a return to a price correction phase following previous optimistic expectations [9][10] - Despite recent declines, gold prices remain elevated, with a year-to-date increase of over 53%, supported by factors such as loose monetary policy and geopolitical tensions [11] Industry Recognition - The "Hong Kong 100 Strong" list is set to launch, highlighting the importance of the gold sector in the Hong Kong market, with companies like Zijin Mining (02899.HK) and Lingbao Gold being notable participants [12][13]

Core Viewpoint - International gold prices have declined, leading to a general pressure on gold stocks at the market opening, with notable declines in several companies [1] Group 1: Gold Price Movement - Overnight gold prices faced downward pressure, with New York futures gold closing at $4,074.5 per ounce, reflecting a nearly 0.5% decrease [1] - Spot gold prices fell below $4,010 per ounce, with a decline approaching 2% [1] Group 2: Company Stock Performance - Lingbao Gold (03330) experienced a drop of 3.09% [1] - Zijin Mining International (02259) saw a decrease of 2.94% [1] - Zhaojin Mining Industry (01818) fell by 2.75% [1] - Tongguan Gold (00340) declined by 2.51% [1] - China Gold International (02099) decreased by 2.05% [1]

Core Viewpoint - The decline in gold prices has led to a significant drop in Hong Kong-listed gold stocks, with various companies experiencing losses of over 5% [1] Group 1: Market Impact - Gold prices continue to fall, with spot gold dropping 0.64% to below $4020 per ounce, influenced by diminishing expectations of a rate cut in the U.S. next month [1] - Major gold stocks in Hong Kong, such as Lingbao Gold and Tongguan Gold, have seen declines of over 5% and 4.6% respectively, reflecting the broader market trend [2] Group 2: Industry Trends - A new tax policy on gold has resulted in increased prices at Shenzhen's Shui Bei market, leading to a noticeable decrease in sales volume for gold jewelry stores [1] - Retailers in Shenzhen, such as Wu Zude, report a significant drop in daily sales from three to four hundred grams to less than 200 grams, indicating a slowdown in purchasing activity [1]

Group 1 - The core viewpoint is that Hong Kong gold stocks experienced a decline, with Lingbao Gold falling over 6% [1] - Other companies in the sector, including Tongguan Gold, Zhaojin Mining, and China Gold International, also saw declines [1]

Core Viewpoint - The decline in gold prices has led to a significant drop in Hong Kong gold stocks, with major companies experiencing losses of over 5% [1] Group 1: Market Performance - Lingbao Gold fell by over 5%, while Tongguan Gold and China Silver Group dropped by 4.6% [1] - Zijin Gold International decreased by 4%, and China National Gold fell by 3.6% [1] - Other companies such as Zhaojin Mining, Shandong Gold, Chifeng Jilong Gold, and Zijin Mining also saw declines of over 2% [1][2] Group 2: Gold Price Trends - Spot gold prices have continued to decline, currently falling 0.64% to below $4020 per ounce [1] - Expectations for a rate cut in the U.S. next month are fading, contributing to the downward trend in gold prices [1] Group 3: Industry Insights - CICC's 2026 outlook suggests that the current gold bull market may not be over, with historical comparisons indicating that the current price increase and duration are still lower than the major upswings in the 1970s and 2000s [1] - In Shenzhen's Shui Bei market, the new gold tax policy has led to an increase in gold prices, causing frequent order cancellations among gold merchants [1] - A gold jewelry store owner in Shenzhen reported a significant drop in daily sales from 300-400 grams to less than 200 grams [1]

Group 1 - The core viewpoint is that Hong Kong's non-ferrous metal stocks continue to decline, with significant drops in various companies' stock prices [1] Group 2 - China Hongqiao (01378.HK) fell nearly 7% [1] - Ganfeng Lithium (01772.HK) dropped over 6% [1] - Lingbao Gold (03330.HK) decreased nearly 6% [1] - Tianqi Lithium (09696.HK) saw a decline of over 5.5% [1] - Luoyang Molybdenum (03993.HK), Zhaojin Mining (01818.HK), and Zijin Mining (02899.HK) all experienced declines of over 3% [1]

智通财经APP讯，招金矿业(01818)公布，招金矿业股份有限公司2025年度第二期超短期融资券将于2025 年11月21日兑付本息，本期债券发行金额为20亿元，利率为2.05%，应付本息金额合共约20.3亿元。 ...

招金矿业(01818)公布，招金矿业股份有限公司2025年度第二期超短期融资券将于2025年11月21日兑付 本息，本期债券发行金额为20亿元，利率为2.05%，应付本息金额合共约20.3亿元。 ...