Group 1 - The gold stocks continue their recent upward trend, with notable increases in share prices for companies such as Zhaojin Mining (01818) up 2.92% to HKD 39.54, Chifeng Jilong Gold Mining (600988) up 2.88% to HKD 42.9, and Shandong Gold (600547) up 2.16% to HKD 48.14 [2] - As of January 28, the international spot gold price has surpassed USD 5,200 per ounce, reaching a new historical high [2] - Hungary's central bank is considering increasing the proportion of gold in its reserves, with current gold reserves at 110 tons, accounting for 25.5% of its foreign exchange reserves [2] - Poland's central bank has approved a plan to purchase up to 150 tons of gold, which will increase its total gold reserves to 700 tons [2] Group 2 - The chief economist of CITIC Securities, Mingming, indicates that the current bull market in precious metals is driven by complex factors, with expectations of the Federal Reserve's loose monetary policy being the most significant driver of rising precious metal prices [2] - Additional factors contributing to the increase in precious metal prices include downward pressure on the U.S. economy, persistent inflation, the resurgence of de-globalization risks, and global geopolitical uncertainties [2]