Core Viewpoint - The gold stocks have shown a significant increase, driven by geopolitical risks and expectations of interest rate cuts, with predictions of gold prices reaching historical highs by 2026 [1] Group 1: Gold Stock Performance - Shandong Gold (01787) rose by 5.8%, trading at HKD 39.78 [1] - Zhaojin Mining (01818) increased by 4.8%, trading at HKD 35.82 [1] - Zijin Mining (02899) saw a rise of 3.12%, trading at HKD 38.86 [1] - Chifeng Jilong Gold (06693) increased by 3.11%, trading at HKD 29.85 [1] Group 2: Market Influences - Geopolitical risks and expectations of interest rate cuts are supporting gold prices [1] - U.S. Treasury Secretary Scott Basset has urged the Federal Reserve to significantly lower interest rates to promote economic investment [1] - The market is anticipating the non-farm payroll report for December 2025, which could influence gold prices [1] Group 3: Future Gold Price Predictions - Morgan Stanley predicts gold prices will reach USD 4,800 per ounce by Q4 2026, surpassing last year's historical record [1] - Factors contributing to this increase include declining interest rates, changes in Federal Reserve leadership, and continued buying by central banks and funds [1] Group 4: Company Earnings Forecasts - Lingbao Gold expects a net profit of approximately RMB 1.503 billion to RMB 1.573 billion for 2025, an increase of about 115% to 125% year-on-year [1] - Zijin Mining anticipates a net profit of RMB 51 billion to RMB 52 billion for the year, with a year-on-year growth of approximately 59% to 62% [1] - Chifeng Jilong Gold forecasts a year-on-year net profit increase of about 70% to 81% [1]