Group 1 - The Hong Kong gold stocks are experiencing an upward trend, with Shandong Gold reaching a historical high, rising nearly 5% [1] - The spot gold price has hit a year-to-date high of $3,500 per ounce, contributing to the valuation increase of the gold sector [1] - Shandong Gold reported a revenue of 56.766 billion yuan for the first half of the year, a year-on-year increase of 24.01%, and a net profit of 2.808 billion yuan, up 102.98% [1] Group 2 - Zijin Mining's net profit for the first half of the year increased by 54% year-on-year, reaching 23.3 billion yuan, driven by strong demand for strategic commodities [1] - Selena Ling, Chief Economist at OCBC, predicts that gold prices may rise further due to ongoing demand from central banks, institutions, and retail investors, with year-end targets of $3,570 per ounce and $3,850 per ounce by mid-next year [1] - The performance of various gold stocks includes notable increases: Shandong Gold up 4.61%, Zhaojin Mining up 3.35%, and Chifeng Jilong Gold up 2.80% [1]
港股异动丨黄金股逆势上涨 山东黄金、招金矿业齐创新高