HK Stock Market Move | Gold stocks active in early trading, US-Europe tariff dispute stimulates safe-haven sentiment, spot gold hits new high again.

Golden stocks were active in the early morning trading session. As of press time, Zijin Gold International (02259) rose 3.86% to HK$172.4; Zhaojin Mining (01818) rose 3.84% to HK$37.9; Chinagoldintl (02099) rose 1.96% to HK$192.8; Shandong Gold Mining (01787) rose 1.33% to HK$42.78. On the news side, escalating trade tensions between Europe and America have stimulated market risk aversion sentiment. In the early morning of Monday, international precious metal prices rose in response, with spot gold briefly breaking through $4690 per ounce, hitting a historical high. Trump stated on social media over the weekend that starting from February 1st, 2026, all goods exported to the United States from Denmark, Norway, Sweden, France, Germany, UK, Netherlands, and Finland will be subject to a 10% tariff. He said that this tariff measure will continue until an agreement is reached on the "complete and thorough purchase of Greenland." If no agreement is reached, the tariff rates will increase to 25% starting from June 1st, 2026.