Hong Kong stock market Golden Industrial Concept showed strong performance in the early session, with some Golden Industrial Concept continuing to push higher, as of the time of writing, $SD GOLD (01787.HK)$ up over 7%, $CHI SILVER GP (00815.HK)$ up over 3%, $ZHAOJIN MINING (01818.HK)$ is up nearly 3%.

On the news front, risk aversion sentiment has driven international gold prices to rise significantly. During the Spring Festival holiday, both spot gold in London and Gold Futures in the New York Commodity Exchange (COMEX) hit historical highs. On February 5, spot gold briefly reached $2,853.91, setting a new all-time high.

Citigroup believes that further escalation of tariffs will lead to a bullish outlook on gold within 6 to 12 months, with gold prices expected to rise to $3,000 per ounce. CICC indicated that looking ahead to 2025, gold prices may still be in a bullish channel, and there may be a possibility of surpassing $3,000 per ounce in 2025, with the price of gold in RMB potentially experiencing a greater increase compared to the dollar price of gold.
Editor/Rocky