HK Stock Market Move | Gold stocks continue to rise as the Federal Reserve cuts interest rates and tensions in the Middle East escalate, causing international gold prices to reach new highs again.

Gold stocks continue to rise, as of the reporting deadline, ZHAOJIN MINING (01818) rose by 4.49% to 13.96 Hong Kong dollars; LINGBAO GOLD (03330) rose by 3.14% to 3.28 Hong Kong dollars; Shandong Gold Mining (01787) rose by 2.19% to 16.8 Hong Kong dollars; CHINAGOLDINTL (02099) rose by 1.34% to 34 Hong Kong dollars. On the news front, influenced by further bets on interest rate cuts in the United States and escalating tensions in the Middle East. The international gold price hit a new high again, with London gold briefly surpassing $2620 per ounce. Last week, the Federal Reserve cut interest rates by 50 basis points, and the dot plot shows that the Fed will cut interest rates by another 50 basis points this year, and by 100 basis points next year. According to reports, Israeli President Herzog said in an interview on September 22 that the current situation between Israel and Lebanon is "very dangerous and could escalate sharply."