HK Stock Market Move | Spot gold and silver continue to decline, with CHINAGOLDINTL (02099) and LINGBAO GOLD (03330) both opening more than 5% lower.

Gold stocks collectively opened lower. As of press time, CHINAGOLDINTL(02099) fell by 5.36% to 180 Hong Kong dollars; LINGBAO GOLD(03330) fell by 5.11% to 20.78 Hong Kong dollars; Shandong Gold Mining(01787) fell by 5.11% to 36.74 Hong Kong dollars; Chifeng Jilong Gold Mining(06693) fell by 4.74% to 33.8 Hong Kong dollars. On the news front, international precious metals continued to decline. In the morning of February 6, gold and silver continued to decline at the opening. Spot gold once fell below the $4700 mark, with an intraday decline of over 1%; spot silver touched a low of $64.035 per ounce, yesterday's closing fell by over 20%, giving back gains from the beginning of the year. The U.S. December JOLTS job openings hit a five-year low, well below expectations were announced last night. Challenger enterprises in the United States cut 108,000 jobs in January, reaching a new high since the same period in 2009, a sharp increase of 205% month-on-month. In addition, Federal Reserve Board Director Cook stated that the Federal Reserve must bring the inflation rate back to target levels in the near term, which is crucial to maintaining its credibility. Cook believes that the current risk is skewed towards rising inflation, while uncertainty about the economic outlook remains high.