Driven by the rise in international gold prices, Hong Kong stocks in the Golden Industrial Concept collectively surged, among which,$LINGBAO GOLD (03330.HK)$Increased by more than 7%, $CHINAGOLDINTL (02099.HK)$ rose over 6%, $ZHAOJIN MINING (01818.HK)$ 、 $ZIJIN MINING (02899.HK)$ Increased by more than 5%.

In terms of news, spot Gold in Asia's early session continued to rise more than 1%, breaking through 3110 USD/ounce.

Gold remains the most popular asset expected by the bank, and Goldman Sachs believes that macroeconomic risks and relatively low investor Hold Positions create conditions for further increases in Gold prices. They also pointed out that Gold and Other Precious Metals are exempt from the new tariffs, and they expect the Trump administration will not impose tariffs on them in the future.

Editor/Rocky