HK Stock Market Move | Gold stocks generally rose in the afternoon, while tensions between Iran and Israel continued to escalate. The market is keeping an eye on the Federal Reserve's interest rate meeting in June.

Golden stocks rebounded in the afternoon, with TONGGUAN GOLD (00340) rising by 4.98% to HK$2.53, LINGBAO GOLD (03330) rising by 4.66% to HK$10.78, Shandong Gold Mining (01787) rising by 3.71% to HK$26.9, and PERSISTENCE RES (02489) rising by 1.59% to HK$1.92. On the news front, the conflict between Iran and Israel is still brewing, with spot gold trading near $3380 per ounce, briefly touching the $3400 mark intraday. It is worth noting that the Federal Reserve will announce its June interest rate decision on the early morning of June 19th Beijing time. CITIC Futures pointed out that the market's consensus is for the Fed to hold steady, but the upcoming dot plot and forward-looking economic data guidance will still have a significant impact on market expectations. The long-term bullish logic for gold has not been reversed.