Golden Industrial Concept stocks have collectively softened. As of the time of writing, LINGBAO GOLD (03330) has dropped by 3.62%, trading at 8.51 Hong Kong dollars; TONGGUAN GOLD (00340) has decreased by 3.03%, trading at 1.28 Hong Kong dollars; and Chifeng Jilong Gold Mining (06693) has fallen by 2.76%, trading at 24.65 Hong Kong dollars.
According to Zhicheng Finance APP, Gold Stocks collectively weakened. As of the time of writing, LINGBAO GOLD (03330) dropped 3.62%, trading at 8.51 HKD; TONGGUAN GOLD (00340) dropped 3.03%, trading at 1.28 HKD; Chifeng Jilong Gold Mining (06693) dropped 2.76%, trading at 24.65 HKD; SD GOLD (01787) dropped 2.16%, trading at 22.65 HKD.
On the news front, on May 14, spot Gold briefly fell below 3230 USD/ounce, and as of the time of writing, it was trading at 3233.49 USD/ounce, down 0.5% for the day; COMEX Gold Futures Block Orders were last reported at 3231.7 USD/ounce, down 0.51% for the day. Huatai Futures believes that the recent Geneva talks between China and the USA yielding favorable results has fostered market risk sentiment, putting some pressure on Gold prices. However, Trump's tariff policy remains relatively volatile, and inflation expectations in the future may also rise due to tariff impacts. Therefore, under the current circumstances, Gold may temporarily maintain a fluctuating pattern.
CITIC Futures stated that the USA's April CPI fell short of expectations, leading to rising market expectations of interest rate cuts; there has been no substantial progress in the short-term tariff suspension of the China-US trade agreement, leading to doubts about the subsequent negotiation details, resulting in some funds flowing into Gold and other safe-haven assets. In addition, the strong trade stance of the USA towards the European Union exacerbates economic uncertainty. Although reducing China-US trade barriers has alleviated supply chain inflation concerns, the hidden concerns of tariff inflation still support Gold's long-term allocation value.
