HK Stock Market Move | Wanguo Gold GP (03939) rose more than 7%, leading the way in gold stocks. The People's Bank of China has been increasing its holdings of gold for 15 consecutive months.

date
10:08 09/02/2026
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GMT Eight
Gold stocks collectively rose, with real international gold (03939) rising more than 7% in midday trading to lead the sector. As of the time of writing, Real International Gold rose 4.35%, to 4.49 Hong Kong dollars, or 15.36 Hong Kong dollars; Zijin Mining (02899) rose 4.09%, to 40.7 Hong Kong dollars; Datang Gold (08299) rose 3.23%, to 0.64 Hong Kong dollars; Zhaojin Mining (01818) rose 2.29%, to 33.98 Hong Kong dollars.
The stock market of gold companies collectively rose, with WANGUO GOLD GP (03939) leading the sector with a more than 7% increase during trading. As of the time of writing, WANGUO GOLD GP rose by 4.35% to 4.49 Hong Kong dollars, Zijin Mining Group (02899) rose by 4.09% to 40.7 Hong Kong dollars, GT GOLD (08299) rose by 3.23% to 0.64 Hong Kong dollars, and ZHAOJIN MINING (01818) rose by 2.29% to 33.98 Hong Kong dollars. On the news front, on February 7th, official reserve asset data updated by the People's Bank of China showed that as of the end of January 2026, China National Gold Group Gold Jewellery's reserves were 74.19 million ounces, an increase of 40,000 ounces from the end of December 2025. The Chinese central bank has been increasing its gold holdings for 15 consecutive months. On February 9th, spot gold prices continued to rise, reaching above $5000 per ounce. JPMorgan Chase stated that strong demand from central banks and investors around the world this year will ultimately drive the price of gold to $6300 per ounce by the end of 2026. Bank of America also expressed optimism for gold, predicting that the price of gold could reach $6000 per ounce in the coming months.