Group 1 - Gold stocks opened higher collectively, with China Gold International rising by 3.94% to HKD 198, Zijin Mining increasing by 2.95% to HKD 43.9, Zhaojin Mining up by 2.56% to HKD 32, and WanGuo Gold Group rising by 2.47% to HKD 16.98 [2] - The ongoing tensions in the Middle East are influencing market movements, with reports indicating that Trump is inclined to launch an initial strike against Iran in the coming days, potentially escalating to larger attacks if initial efforts are unsuccessful [2] - Spot gold prices surged, breaking through USD 5,150, with a daily increase of 1.20%, while spot silver saw a rise of 2.86% [2] Group 2 - Major banks have raised their gold price targets, with ANZ predicting gold prices will reach USD 5,800 per ounce in Q2, Jefferies increasing its 2026 gold price forecast from USD 4,200 to USD 5,000, and UBS suggesting that gold prices could peak at USD 6,200 mid-year [2] - The support for rising gold prices is attributed to central bank and investment demand, expanding fiscal deficits, declining real interest rates in the U.S., and geopolitical risks [2]