Hong Kong stock market concept tracking | Greenland crisis boost safe-haven demand Precious metal prices hit new highs again (with concept stocks)

Gold prices have risen to a record high, while silver prices are also nearing historic highs. The Greenland crisis worsening and the collapse of Japanese government bonds have fueled safe-haven demand. US President Donald Trump has not abandoned his intention to annex Greenland. The Prime Minister of Greenland has advised the public to prepare for a possible military invasion, although he stated that this scenario is unlikely to happen. Market news indicates that the Danish pension fund "AkademikerPension" plans to sell all its US government bonds by the end of January, citing credit risks associated with Trump's policies. The Polish central bank (NBP) announced on Tuesday that it has approved a plan to purchase up to 150 tons of gold, which will increase the country's gold reserves to 700 tons. The NBP Governor Adam Glapinski stated last week that he hopes the Central Bank's management committee will raise the limit on gold holdings from 550 tons to 700 tons by December 31st. Gold prices briefly touched $4,781.19 per ounce. Joni Teves, a precious metals strategist at UBS, recently stated in an interview that diversified investment demand is the core driving force behind the current rise in gold prices, with institutional investors, retail investors, and central banks all increasing their holdings of gold to hedge against macroeconomic uncertainty. She expects gold prices to continue rising in the first half of the year, with the potential for prices to exceed $5,000 per ounce if concerns about the Fed's independence continue to escalate. Silver is benefiting from the rise in gold prices and a narrowing supply-demand gap, with the potential to challenge $100 per ounce this year. In the copper market, driven by demand for energy transition, the supply-demand situation is tightening, and prices are expected to rise. Hong Kong-listed companies related to gold and precious metals include Zijin Gold International (02259), Chifeng Jilong Gold Mining (06693), Shandong Gold Mining (01787), Zhaojin Mining (01818), Lingbao Gold (03330), Tongguan Gold (00340), China Gold International (02099), China Silver Group (00815), Everest Gold (01815),and others.