Futu news, $LAOPU GOLD (06181.HK)$ In the morning session, it reached a new high, with an increase of over 330% since its listing. As of the time of writing, Laopu Gold is up 5.98%, priced at 280 HKD, with a transaction amount of 59.9401 million HKD.
Other Hong Kong stock Golden Industrial Concept stocks also benefited from the rise in Gold prices, as of the time of writing. $LINGBAO GOLD (03330.HK)$ Increased by over 6%, $ZIJIN MINING (02899.HK)$ Up nearly 3%, $ZHAOJIN MINING (01818.HK)$ 、 $SD GOLD (01787.HK)$ 、 $CHINAGOLDINTL (02099.HK)$ All increased by over 1%.
On the news front, after Gold achieved the largest annual increase in 14 years, it had a very smooth start in 2025. In contrast to the Global Equity market unexpectedly facing a difficult start in 2025, Gold's performance at the beginning of 2025 was much better. On Thursday, Gold Futures prices rose by more than 1%, hovering above $2670 per ounce.
JPMorgan predicted in a report that this year gold prices will rise to the epic milestone of $3,000 per ounce. Analysts at Goldman Sachs also predicted that due to the ongoing enthusiasm for gold purchases by major global central banks, gold prices are expected to reach $3,000 by the end of 2025. 'Our surveys and Historical Data indicate that central banks in Emerging Markets are buying gold to hedge against financial uncertainty and geopolitical shocks,' wrote the analysts at Goldman Sachs.
Analysts at Goldman Sachs also expect that if the scale of Gold purchases by major global central banks exceeds market expectations, gold prices could rise to $3,050. The institution also stated that if the Federal Reserve decides to cut interest rates only once more this year, gold prices may stagnate around $2,900. However, Goldman Sachs' $2,900 forecast is also above the average expectations on Wall Street.
Editor/Rocky