HK Stock Market Move | Gold stocks continue to decline, CHINAGOLDINTL (02099) fell by nearly 4%, and the strength of the US dollar continues to suppress the price of gold.

Gold stocks continued to decline recently, as of the writing, CHINAGOLDINTL (02099) fell 3.72% to HK$33.65; Zijin Mining Group (02899) fell 3.03% to HK$15.34; LINGBAO GOLD (03330) fell 1.91% to HK$3.08; Shandong Gold Mining (01787) fell 1.42% to HK$13.92. On the news front, affected by factors such as the continuous strengthening of the US dollar, gold prices fell over 2% on Monday. Huatai Futures believes that the significant drop in gold prices is partly due to the sharp rise in the US dollar after Trump's victory, reaching a high of 105.70 yesterday. In addition, the recent continuous rise in digital currencies has also diverted some of the demand for gold allocations. Gold ETFs have been outflowing for the past two weeks, but on the other hand, geopolitical factors remain volatile, and if Trump implements his relatively expansionary fiscal policy after taking office, it may also lead to a resurgence in inflation. Therefore, the actual interest rates in the future are likely to continue to decline.