Group 1 - Gold stocks showed strong performance in early trading, with significant gains for companies such as 万国黄金国际 (up 8.02% to HKD 8.75), 招金矿业 (up 4.92% to HKD 33.7), 山东黄金 (up 3.06% to HKD 37.72), and 灵宝黄金 (up 2.36% to HKD 19.55) [1] - The rise in commodity prices, including gold, is attributed to geopolitical risks and supply constraints, with spot gold prices reaching a peak of USD 4467 per ounce, reflecting an increase of over 3% [1] - UBS has raised its gold price target for the year to USD 5000, indicating a bullish outlook for gold prices [1] Group 2 - The Federal Reserve's potential interest rate cuts are supported by a weak labor market and moderate inflation, creating favorable conditions for a rate cut [1] - The expectation of two rate cuts by the Federal Reserve in 2026 may lower the opportunity cost of holding gold, providing upward momentum for gold prices [1] - As the U.S. credit continues to contract, central banks around the world are expected to increase their gold reserves, with gold prices projected to rise beyond the anticipated peak of USD 4300 per ounce in 2025 [1]
港股异动 | 黄金股早盘走强 地缘政治风险支撑金价 机构称当前仍处降息周期