HK Stock Market Move | After a sharp drop in the precious metals market, Zijin Gold International (02259) rebounded by more than 4% and Lingbao Gold (03330) rose by over 3%.

Some gold stocks rebounded, as of the time of writing, ZIJIN GOLD INTL (02259) rose 4.19% to 173.9 Hong Kong dollars; Lingbao Gold (03330) rose 3.23% to 23.28 Hong Kong dollars; CHINAGOLDINTL (02099) rose 1.36% to 148.6 Hong Kong dollars; CHI SILVER GP (00815) rose 1.05% to 0.48 Hong Kong dollars. On the news front, the precious metals market rebounded after experiencing a sharp drop, with spot gold briefly rising above $4700. Reports indicate that after Iran retaliated against oil and gas facilities in the Middle East, the U.S. Treasury Secretary stated that sanctions on Iranian oil stranded on oil tankers at sea may be lifted, and Israel will "suspend" air strikes on Iranian energy facilities, leading to a sharp rise in international oil prices on Thursday followed by a slight pullback. CITIC Futures believes that if oil prices remain high, inflation expectations continue to rise, gold will still face temporary pressure from rate cuts; however, if geopolitical conflicts further escalate and trigger broader risk aversion, the medium-term value of gold remains. In the short term, gold may continue to consolidate in a weak trend under high volatility, with the medium-term direction still depending on whether oil price shocks can continue transmitting to core inflation, and the Fed's tolerance for a slowdown in growth.