Zhi Tong Cai Jing·2025-06-13 03:10Group 1: Market Reaction to Geopolitical Events - The Israeli airstrike on Iran has led to a significant rise in gold stocks in the Hong Kong market, with notable increases in companies such as Chifeng Jilong Gold Mining (+8.13%) and Shandong Gold Mining (+5.59%) [1][2] - The current geopolitical tensions have resulted in a surge in gold prices, with spot gold surpassing $3430 per ounce, marking a new high since May 8 [4] Group 2: Analyst Insights on Gold Market - CITIC Securities suggests that the upward momentum in gold prices, combined with an increase in gold mining companies, is likely to drive the price-to-earnings (PE) ratio of the sector higher [7] - The chief economist at Zheshang Securities anticipates further increases in gold prices, driven by central bank purchases and weakening dollar credit [7] - Minsheng Securities highlights that ongoing geopolitical conflicts and central bank gold purchases will likely support a rise in gold prices [7]