HK Stock Market Move | Gold stocks generally fell back, ZIJIN GOLD INTL (02259) fell nearly 4%, LINGBAO GOLD (03330) fell nearly 3%.

Gold stocks are generally falling. As of press time, ZIJIN GOLD INTL (02259) fell by 3.93% to 219.8 Hong Kong dollars; LINGBAO GOLD (03330) fell by 2.92% to 24.56 Hong Kong dollars; CHINAGOLDINTL (02099) fell by 1.79% to 197.4 Hong Kong dollars; Chifeng Jilong Gold Mining (06693) fell by 1.32% to 37.26 Hong Kong dollars. On the news front, the US non-farm payrolls added 130,000 in January, far exceeding market expectations, leading to a decrease in market interest rate expectations and a rapid rebound in the US dollar index. CITIC Futures believes that without clear signs of weakening employment and wages, it is difficult to interpret interest rate reduction trades unilaterally, and gold prices may enter a high-level volatility and emotional fluctuation stage. The medium-term direction still depends on changes in real interest rates and the trend of the US dollar. Baicheng Futures stated that as the Chinese New Year holiday approaches, funds are becoming more cautious. Key points for precious metals during the Chinese New Year holiday: On the geopolitical front, tensions between the US and Iran are still high, and any changes in their relationship may drive gold prices higher during the Chinese New Year holiday; in terms of US policies, market fluctuations may occur in the evaluation of potential candidates for the Chair of the Federal Reserve, so it is important to pay attention to the movements of Kevin Warsh.