HK Stock Market Move | Golden stocks collectively rebounded in early trading, ZHAOJIN MINING (01818) rose more than 5%, with multiple factors promoting a strong rebound in gold prices.

Gold stocks rebounded collectively in the morning session, with ZHAOJIN MINING (01818) up 4.91% at HK$32.02; ZIJIN MINING (02899) up 3.33% at HK$33.56; Shandong Gold Mining (01787) up 2.35% at HK$36.56; LINGBAO GOLD (03330) up 2.18% at HK$19.22; and Chifeng Jilong Gold Mining (06693) up 1.81% at HK$30.3. On the news front, due to the continued U.S. federal government shutdown, the market continues to be optimistic about the prospect of the Federal Reserve lowering interest rates and the global central banks increasing their holdings of gold. Gold prices surged on Monday, hitting a new historical high during intraday trading. At the close, the December gold futures contract on the New York Mercantile Exchange settled at $4359.4 per ounce, up 3.47%. HSBC Bank recently stated in a commodities outlook report that the upward momentum for gold is expected to continue until 2026, driven by strong central bank purchases, ongoing U.S. fiscal concerns, and expectations of further monetary easing, with a target price of $5000.