HK Stock Market Move | WANGUO GOLD GP (03939) rises more than 8%, spot gold regains momentum, Fed officials release dovish comments in recent days.

WANGUO GOLD GP (03939) rose by more than 8%, as of the time of publication, it had risen by 6.2%, to 15.58 Hong Kong dollars, with a turnover of 3.53 billion Hong Kong dollars. On the news front, as of February 4th, spot gold prices returned to the $5000 per ounce level. UBS strategy analysts pointed out in a research report that from a long-term perspective, this pullback in gold prices will inject healthy momentum into the market. Recently, Federal Reserve Governor Milan stated that the Fed needs to cut interest rates by more than 100 basis points this year, and looks forward to Kevin Wash's performance as Fed Chairman. However, Richmond Fed President Barkin emphasized that until inflation has fully descended to the target level, monetary policy still needs to be cautious to ensure stability in the labor market. CITIC SEC believes that precious metals will benefit from their monetary attributes and the continuation of strong risk aversion sentiment. It is worth mentioning that WANGUO GOLD GP previously announced that it expects net profit attributable to shareholders for the fiscal year 2025 to be approximately 1.4 billion to 1.5 billion, an increase of about 143% to 161% year-on-year. According to information obtained by the board of directors, the expected increase in profit is mainly due to the rise in sales volume and prices of gold products.