HK Stock Market Move | Golden stocks lead the way in gains, precious metal liquidity crisis alleviated, institutions remain bullish on mid-to-long term gold prices.

Golden stocks lead the way, as of the time of writing, CHINAGOLDINTL (02099) rose by 6.37% to HK$160.2; LINGBAO GOLD (03330) rose by 6.43% to HK$25.16; ZIJIN GOLD INTL (02259) rose by 5.77% to HK$190.5; Shandong Gold Mining (01787) rose by 4.74% to HK$32.68. On the news front, since the outbreak of the geopolitical conflict in the Middle East, the surge in international oil prices has sparked inflation expectations, significantly weakening the short-term interest rate cut expectations of the Federal Reserve and other major central banks, triggering a round of global asset repricing. On March 25, spot gold and silver rebounded strongly, with domestic gold prices returning to above 1000 yuan. The chief commodity strategist at Sheng Bao Bank pointed out that during moments when investors suddenly need liquidity, precious metals have become crowded long positions in "crowded trades," making them more prone to concentrated liquidation. Because when the market is in urgent need of fundraising, gold is one of the easiest assets to quickly liquidate. Analysts at Standard Chartered also expressed optimism about the long-term outlook for gold.