HK Stock Market Move | Gold stocks have rebounded slightly, with Zijin Gold International (02259) rising more than 5% and Lingbao Gold (03330) rising more than 3%.

Gold stocks rebounded this morning, as of the time of writing, ZIJIN GOLD INTL (02259) rose by 5.23% to HK$191; Lingbao Gold (03330) rose by 3.36% to HK$27.1; Chifeng Jilong Gold Mining (06693) rose by 3.24% to HK$38.9; ZHAOJIN MINING (01818) rose by 2.61% to HK$31.4; Zijin Mining Group (02899) rose by 1.89% to HK$37.68. On the news front, on March 17, spot gold rose above $5020, reaching a high of $5029.73 per ounce. Overnight, international oil prices fell and the US dollar weakened due to news that the blockade in the Strait of Hormuz is expected to ease. Of note, on March 17 (Tuesday), the two-day Federal Reserve interest rate meeting officially began in Washington, D.C. This is the first meeting since the US launched airstrikes against Iran. China Post Securities believes that in the long term, conflicts may cause a shift in oil price center, inflation expectations may also rise, stagflation could become the main theme in the future market, and the implementation of the Fed's balance sheet reduction policy may bring difficult-to-hedge risks to long-term US bonds. Gold is worth increasing exposure to.