On September 23rd, Guosen Securities released a report stating that the gold price is expected to remain strong. In addition to benefiting from interest rate cuts, weak economic data will further fuel expectations of rate cuts. Although there is a short-term divergence between the gold price and gold mining stocks, their long-term correlation remains high. Therefore, the stock prices of gold mining companies are currently weak, making it a favorable buying opportunity. Based on the expectation of a continued strong gold price, the target price of gold mining stocks listed in Hong Kong has been raised. The top pick is Zhaojin Mining (1818.HK) due to its strong production growth prospects, and its target price has been raised from HK$21 to HK$21.3. Zijin Mining Group (2899.HK) and SD Gold (1787.HK) are also bullish, with their target prices raised from HK$21 and HK$19 to HK$21.3 and HK$19.8 respectively.