Market Performance - The Hong Kong stock market showed resilience, with the Hang Seng Index and the Hang Seng Tech Index recovering from previous declines, closing up by 0.37% and 1.11% respectively [1][2] - The overall market remained stable despite a significant drop in US stocks overnight [1] Sector Performance - Major technology stocks saw gains, with notable increases in shares of Hua Hong Semiconductor (up over 5%) and SenseTime (up over 4%) [4][5] - Semiconductor stocks were active, driven by positive sentiment in the AI-driven storage cycle, with companies like Zhaoyi Innovation reaching new highs [2][7] - Gold stocks surged, led by Chifeng Jilong Gold (up over 9%) and Lingbao Gold (up over 8%), as spot gold prices broke through $4,880 [6][8] Individual Stock Movements - The stock of Skyworth Group soared over 37% after announcing a distribution of shares in Skyworth Photovoltaic and plans for a mainboard listing [16] - Southbound funds recorded a net inflow of HKD 13.93 billion, indicating strong investor interest [19] Future Outlook - Analysts predict that the Hang Seng Index could challenge the 30,000 to 31,000 point range by 2026, as current valuations remain below historical averages [21]

人民财讯1月21日电，港股黄金股持续走高，截至发稿，赤峰黄金涨超11%，灵宝黄金涨近9%，山东黄 金、中国黄金国际等跟涨。 ...

Group 1 - Hong Kong gold stocks have seen significant increases, with Chifeng Jilong Gold Mining (06693.HK) rising over 11% [1] - Lingbao Gold Company (03330.HK) has increased nearly 9% [1] - Shandong Gold Mining (01787.HK) has risen over 6% [1] - China Gold International Resources (02099.HK) has seen an increase of over 5% [1] - Zijin Mining Group (02259.HK) has risen by 4.5% [1] - Zhaojin Mining Industry (01818.HK) has increased nearly 4% [1]

Core Viewpoint - The surge in gold prices, surpassing $4800 per ounce, has led to significant gains in gold-related stocks, with 大唐黄金 (Dagang Gold) leading the charge with a rise of over 10% [1]. Group 1: Gold Price Movement - As of January 21, spot gold prices have reached a new historical high of $4823.1 per ounce, marking a 1.26% increase [1]. - The increase in gold prices is attributed to diversified demand from institutional investors, retail investors, and central banks, all of which are increasing their gold holdings to mitigate macroeconomic uncertainties [1]. Group 2: Stock Performance - 大唐黄金 (Dagang Gold) saw a rise of 10.29%, trading at 0.75 HKD [1]. - Other gold stocks also experienced significant increases, including 灵宝黄金 (Lingbao Gold) up 7.37% to 24.46 HKD, 中国黄金国际 (China Gold International) up 5.13% to 205 HKD, and 招金矿业 (Zhaojin Mining) up 4.24% to 39.8 HKD [1]. Group 3: Future Outlook - UBS precious metals strategist Joni Teves anticipates that gold prices will continue to have upward momentum in the first half of the year, with a potential target of $5000 per ounce if concerns regarding the independence of the Federal Reserve persist [1].

Group 1 - Hong Kong gold stocks showed strong performance at the beginning of trading, with Lingbao Gold rising over 6% [1] - Datang Gold experienced an increase of over 10% [1] - Other companies such as China Gold International and Shandong Gold also saw gains [1]

Group 1 - Gold prices have reached record highs, with silver prices also nearing historical peaks, driven by increased demand for safe-haven assets due to the worsening Greenland crisis and a collapse in Japanese government bonds [1] - The Polish central bank has approved a plan to purchase up to 150 tons of gold, which will increase the country's total gold reserves to 700 tons, positioning Poland among the top 10 countries globally in terms of gold reserves [1] - UBS precious metals strategist Joni Teves indicated that diversification demand is the core driver of the current rise in gold prices, with institutional investors, retail investors, and central banks increasing their gold holdings to address macroeconomic uncertainties [2] Group 2 - Teves expects gold prices to have upward momentum in the first half of the year, potentially reaching $5,000 per ounce if concerns about the independence of the Federal Reserve continue to rise [2] - Silver is anticipated to benefit from the rise in gold prices and its own narrowing supply-demand gap, with a possibility of challenging $100 per ounce this year [2] - The copper market is expected to tighten due to demand driven by energy transition, leading to an upward shift in price levels [2] Group 3 - Related Hong Kong stocks in the gold and precious metals sector include Zijin Mining International, Chifeng Jilong Gold Mining, Shandong Gold Mining, Zhaojin Mining Industry, Lingbao Gold Company, Tongguan Gold, China Gold International, China Silver Group, and Mount Everest Gold [3]

Group 1 - Gold prices have reached record highs, with silver prices also nearing historical peaks, driven by increased demand for safe-haven assets due to the worsening Greenland crisis and a collapse in Japanese government bonds [1] - The Polish central bank has approved a plan to purchase up to 150 tons of gold, which will increase the country's total gold reserves to 700 tons, positioning Poland among the top 10 countries globally in terms of gold reserves [1] - UBS precious metals strategist Joni Teves indicated that diversification demand is the core driver of the current rise in gold prices, with institutional and retail investors, as well as central banks, increasing their gold holdings to address macroeconomic uncertainties [2] Group 2 - Teves expects gold prices to have upward momentum in the first half of the year, potentially reaching $5,000 per ounce if concerns about the independence of the Federal Reserve continue to rise [2] - Silver is anticipated to benefit from the rise in gold prices and its own narrowing supply-demand gap, with a possibility of challenging $100 per ounce this year [2] - The copper market is expected to tighten due to demand from energy transition, leading to an upward shift in price levels [2] Group 3 - Related Hong Kong stocks in the gold and precious metals sector include Zijin Mining International, Chifeng Jilong Gold Mining, Shandong Gold Mining, Zhaojin Mining Industry, Lingbao Gold, Tongguan Gold, China Gold International, China Silver Group, and Mount Everest Gold [3]

Group 1 - The core viewpoint of the news is that the price of gold has surged, breaking the $4700 per ounce mark, reaching a new historical high of $4702.14 per ounce, with a 0.67% increase [1] - Short-term outlook for gold and silver remains bullish due to ongoing geopolitical risks and uncertainties surrounding the Federal Reserve's independence, as well as a physical shortage of silver [1] - The recent increase in precious metals is attributed to heightened risk aversion following the U.S. announcement of tariffs on European countries and the criminal charges against Federal Reserve Chairman Powell, which challenge the Fed's independence and impact the credibility of the dollar [1] Group 2 - Gold mining stocks have shown recovery, with Ji Hai Gold rising by 6.4% to HKD 1.33, Zijin Gold International increasing by 3% to HKD 175.2, China Gold International up by 1.57% to HKD 194.1, and Shandong Gold rising by 1.41% to HKD 43.14 [2]

Core Viewpoint - The Hong Kong gold stocks are experiencing a rebound after hitting a low point, with notable increases in share prices for several companies [1] Company Performance - Jihai Gold (02489.HK) has risen by 6.4%, reaching HKD 1.33 [1] - Zijin Mining International (02259.HK) has increased by 3%, now priced at HKD 175.2 [1] - China Gold International (02099.HK) has seen a rise of 1.57%, with shares at HKD 194.1 [1] - Shandong Gold (01787.HK) has grown by 1.41%, trading at HKD 43.14 [1]

Group 1 - The escalation of the US-EU tariff dispute has heightened market risk aversion, leading to a surge in international precious metal prices, with spot gold briefly surpassing $4690 per ounce, setting a new historical high [1] - Starting February 1, 2026, the US will impose a 10% tariff on all goods exported from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland, as stated by Trump on social media [1] - If an agreement for the "complete and thorough purchase of Greenland" is not reached, the tariff rate will increase to 25% starting June 1, 2026 [1] Group 2 - Gold stocks were active in early trading, with Zijin Mining International (02259) rising by 3.86% to HKD 172.4, and Zhaojin Mining (01818) increasing by 3.84% to HKD 37.9 [2] - China National Gold International (02099) saw a rise of 1.96% to HKD 192.8, while Shandong Gold (01787) increased by 1.33% to HKD 42.78 [2]