Hong Kong stock concept tracking | The central bank is actively expanding the scale of gold purchases. The long-term value of gold allocation still has support (with conceptual stocks).

The Barren Weekly recently published a report predicting that by 2025, the price of gold will continue to maintain a strong upward trend, and investors' willingness to hold on to this precious metal will significantly increase, with few intentions to sell. The report points out that major central banks around the world are actively expanding their gold purchases in order to diversify their foreign exchange reserves. Especially after the United States froze Russian assets due to the Russia-Ukraine conflict, the trend towards dollarization has intensified, prompting more central banks to seek gold as a safe haven asset. Furthermore, retail demand for gold continues to remain robust. According to statistics, gold spending in the jewelry sector saw a 9% increase last year, indicating strong consumer demand for gold jewelry. A research report by China Galaxy Securities on March 3 stated that despite short-term profit-taking pressure on gold, the long-term value of gold allocation remains supported by economic uncertainty and rising inflation. The report indicates that the spillover effects of the Trump administration's tariff policy continue to spread, and concerns about the risk of an economic recession in the US have deepened, driving demand for gold as a safe haven asset and providing some support to gold prices. However, gold had already reached relatively high levels before, prompting some investors to take profits and causing price fluctuations and corrections. In addition, as the conflict between Russia and Ukraine and the peace process in the Middle East progress steadily, the likelihood of a easing of geopolitical tensions increases, weakening the safe-haven appeal of gold. In this context, the rise in technology stocks is driving a resurgence in global risk appetite, with some funds moving from safe-haven assets like gold to risk assets. Hong Kong stocks related to gold and precious metals include: Zijin Mining Group (02899), Shandong Gold Mining (01787), ZHAOJIN MINING (01818), LINGBAO GOLD (03330), CHINAGOLDINTL (02099), WANGUO GOLD GP (03939), LAOPU GOLD (06181), etc.