HK Stock Market Move | LINGBAO GOLD (03330) fell more than 5%, leading the decline in gold stocks. Multiple factors are putting pressure on gold, causing the price to fall below the $2900 mark.

Gold stocks are generally declining. As of press time, LINGBAO GOLD (03330) fell by 5.2% to HK$5.1; Zijin Mining Group (02899) fell by 2.51% to HK$14.78; CHINAGOLDINTL (02099) fell by 2.27% to HK$43.05; CHI SILVER GP (00815) fell by 1.72% to HK$0.285. On the news front, on February 27th, international gold prices turned downwards. As of press time, spot gold fell below the $2900 mark, trading at $2874 per ounce. Market analysis points out that the decline in gold prices may be due to pressure from the hawkish signals of the Federal Reserve, signs of easing geopolitical tensions, and a significant reduction in market risk aversion. The precious metals report released by Industrial and Commercial Bank of China analyzed that in terms of the gold market, the liquidity issue of spot gold in the short term still exists. Before all kinds of trade tariff details are fully implemented, market fluctuations still have room to rise, and policy uncertainties remain the main factors affecting the market. Qu Rui, deputy director of the Research and Development Department of Oriental Jin Cheng, said that compared to the continuous surge in 2024, the gold price fluctuations in 2025 will be larger, but still in an upward trend, with the potential to hit $3000 per ounce this year. If the Trump administration's tariff, immigration, and other policies lead to a significant rebound in U.S. inflation, it will constrain the Fed's interest rate-cutting space this year, and may even end the rate-cutting cycle early, which could put pressure on gold prices.