Hong Kong stock market Golden Industrial Concept stocks are all rising, as of press time.$TONGGUAN GOLD (00340.HK)$up over 10%,$LINGBAO GOLD (03330.HK)$Increased by over 4%,$ZHAOJIN MINING (01818.HK)$、$CHINAGOLDINTL (02099.HK)$Gained more than 2%.

In terms of news, Trump announced the implementation of reciprocal tariffs, causing international Gold prices to hit a new high. The June delivery COMEX Gold Futures contract on the New York Commodity Exchange rose 0.67% to $3166.20 per ounce. Driven by safe-haven sentiment, after-hours Gold prices briefly surpassed $3200. It is noteworthy that the USA has excluded Steel, Aluminum, Copper, and Gold from the reciprocal tariffs.

Citigroup recently pointed out three abnormal situations in the current Gold market: the spot price is at a historical high, USA interest rates are extremely high, and the dollar is relatively strong. Citigroup stated that investor sentiment towards Gold remains high, and concerns about the USA stock market and USA economic growth are the main driving forces for investment in 2025. Goldman Sachs predicts that by the end of 2025, under the most extreme bullish expectations, Gold prices may surpass $4000 per ounce. In an extreme bullish scenario, by the end of 2025, Gold prices may exceed $4200 and could even break $4500 in 2026.

Editor/Rocky