Gold stocks collectively fell. As of the time of writing, Zijin Mining Group (02899) dropped by 2.69%, priced at 15.2 HKD; LINGBAO GOLD (03330) fell by 2.37%, priced at 2.88 HKD; CHINAGOLDINTL (02099) decreased by 1.97%, priced at 39.75 HKD.
According to Zhitong Finance APP, gold stocks collectively fell. As of the time of writing, Zijin Mining Group (02899) dropped by 2.69%, priced at 15.2 HKD; LINGBAO GOLD (03330) fell by 2.37%, priced at 2.88 HKD; CHINAGOLDINTL (02099) decreased by 1.97%, priced at 39.75 HKD; SD GOLD (01787) fell by 1.74%, priced at 13.58 HKD.
In terms of news, on Thursday, Gold and Silver futures experienced a sharp drop during trading, with spot Gold retreating to around 2680 USD/ounce. In addition, the World Gold Council stated on Thursday that after hitting a historic high this year, the rate of increase in Gold prices will slow down by 2025. The report pointed out that the market may face uncertainty in 2025, with the USA's economy and Trump's policies becoming important variables, especially potential trade wars and inflation pressures. The Council expects that the growth of the Gold market will slow in 2025, but geopolitical issues, a deteriorating financial environment, and stronger than expected central bank demand may still drive up Gold prices.
