Core Viewpoint - The Hong Kong gold stocks continue to decline, with significant drops in major companies, reflecting a broader trend in the precious metals market as gold and silver prices experience a downturn [1] Group 1: Market Performance - China Silver Group saw a sharp decline of 6%, while Zhaojin Mining and Shandong Gold fell nearly 4%, with Shandong Gold's cumulative drop exceeding 20% over the past eight days [1] - Other companies such as China National Gold and Zhu Feng Gold also experienced declines of over 3%, while Tongguan Gold, Zijin Mining, Chifeng Jilong Gold, and Lingbao Gold all dropped more than 2% [1] Group 2: Price Movements - In the Asian market, gold prices continued to adjust, reaching $4,070 per ounce, down 0.77%, while silver prices fell by 1% to $47.96 per ounce [1] - The Sukdun Financial Research team noted that the decline in precious metal prices may reflect profit-taking and a decrease in safe-haven fund flows rather than movements in U.S. Treasury yields [1] Group 3: Market Reactions - Many gold retailers expressed shock at the volatility of gold prices, reporting a decrease in transaction volumes due to the recent price adjustments [1] - The recent drop in gold prices has also cooled the previously active gold recycling market, with some retailers noting a lack of interest in silver products following a significant price drop [1]