HK Stock Market Move | LINGBAO GOLD(03330) rises more than 4% as the central bank increases its gold holdings for the second consecutive month. Institutions are optimistic about this year's gold price performance.

LINGBAO GOLD(03330) rose by more than 4%, as of the time of writing, it rose by 4.15% to 3.51 Hong Kong dollars, with a trading volume of 7.8427 million Hong Kong dollars. On the news front, on January 7th, the official website of the central bank showed that China's gold reserves at the end of December 2024 were 73.29 million ounces, an increase of 330,000 ounces from the end of November's 72.96 million ounces. In November, the central bank increased its gold reserves by 160,000 ounces, after suspending increases for six consecutive months. This means that after half a year, the central bank has increased its gold reserves for two consecutive months. CITIC SEC is optimistic about the performance of gold prices, believing that the behavior of global central banks purchasing gold is expected to continue, and the enthusiasm for gold investment may continue. This year, geopolitical conflicts in the Middle East, Russia, Ukraine, and other regions may remain unstable, which is favorable for the upward trend of gold prices. It is worth mentioning that the public account of LINGBAO GOLD previously released a New Year message for 2025. It mentioned that in the past year, the company seized good market opportunities, accelerated key projects, promoted digital transformation, and deepened internal reforms. Significant achievements were made in production and operation, with the historic achievement of profitability in both the mining and smelting sectors. Sales revenue and operating performance are expected to reach new historical highs again this year.