HK Stock Market Move | Most of the gold stocks are falling, spot gold prices are trending downward in the short term, and the forced liquidation of London silver positions has raised concerns from all parties.

Golden stocks surged in the morning and then fell back, with most of them turning downwards in the afternoon. As of the time of writing, Chifeng Jilong Gold Mining (06693) fell 3.73% to HK$32.546; EVEREST GOLD (01815) fell 3.39% to HK$2.28; TONGGUAN GOLD (00340) fell 3.12% to HK$3.11; Shandong Gold Mining (01787) fell 1.5% to HK$38.1. On the news front, the recent surge in international silver prices to a new high in 45 years due to historical short squeeze has also driven up the price of gold. Guojin Futures previously pointed out that from early September to the closing on October 10th, London gold surged significantly by $507.25 per ounce, warning of the potential risk of a pullback after a rapid rise in the short term. In the afternoon today, the spot gold price fell by nearly $20 to $4208.84 per ounce. It is worth noting that on October 15, the Shanghai Futures Exchange announced that a company's client had been restricted from opening positions in the corresponding futures contract for one month due to self-trading exceeding limits in silver futures. The Shanghai Gold Exchange issued a notice, stating that there are many factors causing market instability recently, with significant fluctuations in international precious metal prices. It urged all members to raise risk awareness, continue to prepare emergency plans for risks, and maintain the stable operation of the market. It also reminded investors to take precautions, control positions rationally, and invest sensibly.