Gold stocks rose collectively. As of press release, Lingbao Gold (03330) rose 8.09% to HK$3.34; Zhaojin Mining (01818) rose 3.81% to HK$13.64; and Shandong Gold (01787) rose 2.1% to HK$18.48.
The Zhitong Finance App learned that gold stocks are collectively rising. As of press release, Lingbao Gold (03330) rose 8.09% to HK$3.34; Zhaojin Mining (01818) rose 3.81% to HK$13.64; and Shandong Gold (01787) rose 2.1% to HK$18.48.
According to the news, according to data released by the US Department of Labor, the number of people claiming unemployment benefits for the first time in the US last week was 231,000, a record high since the week of August 26, 2023, and was previously expected to be 215,000. The analysis points out that the weakening momentum in the US labor market has brought the Federal Reserve's plans to cut interest rates twice this year back to the negotiation table. Overnight, the price of gold rose by more than 1.5%.
Furthermore, the current geographical factors are still complicated. An Israeli official said on the 9th that the cease-fire negotiations in the Gaza Strip have broken down, and the Israeli army will continue to launch attacks in the southern city of Rafah in the Gaza Strip. The agency said earlier that the Fed's interest rate cut and slowing down expectations, compounded by Israel's attack on Rafah, led to geopolitical risks, or made precious metals prices easy to rise and fall.