Hong Kong stock concept tracking | Investors prepare for policy changes Gold price logic remains up (with concept stocks)

Spot gold has just broken through the $2750.00 per ounce mark, with the latest price at $2750.19 per ounce, up 0.20% on the day. COMEX gold futures are currently priced at $2766.00 per ounce, up 0.25% on the day. Ahmad Assiri, a research strategist at Pepperstone, said that the risk for gold seems to be biased towards the upside before Trump's inauguration, as investors prepare for policy shifts with economic implications. Trump's executive orders may set the tone for gold prices in the coming weeks. With the impact of political and trade uncertainties, gold has risen by 3% at the beginning of this year, breaking the $2700 mark. If Trump's tariff measures disrupt trade flows and increase economic volatility, the role of gold as a safe haven asset will be strengthened. Recent inflation pressures in the United States have also increased the attractiveness of gold. The possibility of a trade war has highlighted the persistent demand for safe-haven assets such as gold. Huayuan Securities released a research report stating that the logic for the upward trend in gold prices by 2025 remains unchanged, with the dual main themes of "rate cuts" and "Trump 2.0" expected to continue catalyzing. On the other hand, amid protectionism and great power competition, central bank purchases are forming strong support for gold prices. In the short term, expectations of a 25-year Fed rate cut and Trump's post-election policy of imposing tariffs to drive inflation expectations may temporarily dominate gold price trends. In the long term, with both monetary and fiscal policies in the United States being loose, against the background of credit contraction and de-dollarization, gold is expected to continue to have upside potential in the medium to long term. Related companies in the gold and precious metals sector include: Zijin Mining Group, Shandong Gold Mining, ZHAOJIN MINING, LINGBAO GOLD, CHINAGOLDINTL, WANGUO GOLD GP, LAOPU GOLD, etc.