HK Stock Market Move | Golden stocks continue recent bullish trend, safe-haven sentiment driving precious metals higher, spot gold breaks through $5000 for the first time.

Golden stocks continued to rise recently. As of the time of publication, Chifeng Jilong Gold Mining (06693) rose by 7.19%, reaching 42.66 Hong Kong dollars; CHI SILVER GP (00815) rose by 7.35%, reaching 0.73 Hong Kong dollars; LINGBAO GOLD (03330) rose by 6.09%, reaching 25.78 Hong Kong dollars; Zijin Mining Group (02899) rose by 5.74%, reaching 42.74 Hong Kong dollars; Shandong Gold Mining (01787) rose by 5.2%, reaching 48.54 Hong Kong dollars. On the news front, according to Xinhua News Agency, U.S. President Trump stated on Thursday, May 22, aboard Air Force One, that the U.S. is deploying forces towards Iran, with many ships heading towards Iran. In addition, Trump threatened to impose a 100% tariff on Canadian goods on May 24, further escalating tensions between the U.S. and Canada. Due to the increase in safe-haven sentiment, spot gold broke through $5000 per ounce for the first time. The main Shanghai silver futures contract hit the upper limit, reaching 28226 yuan/kg, with a current increase of 17.0%. Guolian Minsheng Securities believes that as global geopolitical tensions rise, the safe-haven sentiment for precious metals is increasing, leading to a continued rise in prices. In the long term, the central bank's gold purchases and the weakening of the U.S. dollar credit remain the main drivers, and they continue to be bullish on the price of gold. Silver has both industrial and financial attributes, with continuous demand for silver in photovoltaics, leading to a positive outlook for silver prices boosted by industrial demand.