HK Stock Market Move | Gold stocks continue to rise as expectations for US-Iran talks increase, causing oil prices to fall. Spot gold has reached $4700.

Golden stocks continue to rise. As of the time of writing, CHI SILVER GP (00815) is up by 5.95% at 0.455 Hong Kong dollars; LINGBAO GOLD (03330) is up by 5.47% at 22.38 Hong Kong dollars; ZIJIN GOLD INTL (02259) is up by 5.2% at 169.8 Hong Kong dollars; CHINAGOLDINTL (02099) is up by 4.86% at 183.8 Hong Kong dollars; Chifeng Jilong Gold Mining (06693) is up by 4.2% at 42.2 Hong Kong dollars. On the news front, it was reported on Wednesday that the US and Iran are close to reaching a final peace agreement. President Trump continues to release optimistic signals, causing international oil prices to plummet significantly, and spot gold to rise back above $4700. President Trump stated that the war with Iran is "very likely to end" and that both the US and Iran are close to reaching an agreement, which may include Iran shipping its highly enriched uranium to the US. When asked about the specific timeframe for reaching an agreement, Trump estimated "within a week." Zheshang believes that the long-term logic for investing in gold has not fundamentally changed. On one hand, global central banks, as the core holders of gold, continue to maintain a net buying trend, providing stable demand support. On the other hand, the weakening trend of the US dollar's credit margin continues, accelerating the process of diversification in the international monetary system. Additionally, the stability of the Petrodollar system faces uncertainty, with uncertainties in its subsequent operation and restructuring paths, further strengthening the long-term hedging and reserve value of gold.