HK Stock Market Move | Risk aversion sentiment rising supports gold price. CHINAGOLDINTL (02099) up more than 6%, LINGBAO GOLD (03330) up more than 4%.

Most gold stocks are rising, as of the deadline, CHINAGOLDINTL (02099) is up 6.1% at HKD 177.3; LINGBAO GOLD (03330) is up 4.4% at HKD 21.36; ZIJIN GOLD INTL (02259) is up 3.59% at HKD 158.5; and Chifeng Jilong Gold Mining (06693) is up 2.52% at HKD 30.96. On the news front, risk aversion sentiment is significantly increasing. On Monday, gold first broke through the $4600 mark, hitting a new all-time high. Concerns have been raised about the independence of the Federal Reserve as Powell is suddenly under investigation. In addition, the market continues to monitor developments in the situation with Iran. According to CCTV news, on the 12th local time, the U.S. State Department has instructed American citizens to leave Iran immediately. In recent days, protests have erupted in various parts of Iran, resulting in riots and casualties among security personnel and civilians. Citi predicts that gold prices will reach $5000 per ounce and silver prices will reach $100 within three months.