HK Stock Market Move | Golden stocks continue to rise as interest rate cuts catalyze and geopolitical risks escalate, causing international gold prices to repeatedly hit historic highs.

"Gold stocks continue to rise, as of press time, Shandong Gold Mining (01787) rose by 4.77%, to 17.56 Hong Kong dollars; CHINAGOLDINTL (02099) rose by 4.73%, to 36.55 Hong Kong dollars; ZHAOJIN MINING (01818) rose by 4.64%, to 14.42 Hong Kong dollars; Zijin Mining Group (02899) rose by 4.3%, to 17.46 Hong Kong dollars. On the news front, influenced by the rate cut by the Federal Reserve and geopolitical factors, the international gold price has reached a new high, with spot gold reaching $2660 per ounce. The U.S. Consumer Confidence Index unexpectedly dropped by 6.9 points to 98.7 in September, lower than expected and showing the largest decline in three years. After the data was released, traders briefly priced in a 50 basis point rate cut by the Federal Reserve at the next meeting. In addition, geopolitical factors remain complex. The Israeli military launched a new round of airstrikes against Hezbollah, claiming to have killed the head of Hezbollah's missile program. Founder stated that the current rate cut by the Federal Reserve has strong sustainability, and during the rate cut cycle, the gold price is expected to enter an upward channel. Gold stocks, which are significantly undervalued compared to historical averages, are expected to have an opportunity for recovery."