HK Stock Market Move | Gold stocks generally rebounded, CHINAGOLDINTL (02099) rose nearly 3%, ZIJIN MINING (02899) rose over 2%.

Gold stocks generally rebounded, with CHI SILVER GP (00815) up 3.45% at 0.6 Hong Kong dollars; CHINAGOLDINTL (02099) up 2.83% at 127.2 Hong Kong dollars; ZIJIN MINING (02899) up 2.13% at 30.66 Hong Kong dollars; ZHAOJIN MINING (01818) up 1.87% at 28.36 Hong Kong dollars; Shandong Gold Mining (01787) up 1.28% at 31.56 Hong Kong dollars. On the news front, on November 5th, spot gold rebounded from its lows, briefly breaking through $3970 per ounce. CITIC Futures believes that global risk asset sentiment is weakening, and the precious metals market continues to oscillate. The bank pointed out that the US government shutdown has entered its 35th day, equaling the record set in 2018. The market is expecting a resumption of work in mid-November and is paying attention to the disclosure of subsequent US labor data. In addition, analysts at UBS stated that the current pullback in the gold market is only temporary, and the price of gold is still expected to reach $4200 per ounce; in an optimistic scenario, if geopolitical or market risks escalate, the price of gold may even soar to $4700 per ounce.