HK Stock Market Move | Gold stocks collectively rebound with Chifeng Jilong Gold Mining (06693) rising over 5% and Lingbao Gold (03330) rising over 4%.
Gold stocks collectively rebounded, as of the time of writing, Chifeng Gold (06693) rose 5.53% to 37.04 Hong Kong dollars; Lingbao Gold (03330) rose 4.83% to 25.18 Hong Kong dollars.
Gold stocks collectively rebounded, as of press time, Chifeng Jilong Gold Mining (06693) rose by 5.53% to 37.04 Hong Kong dollars; LINGBAO GOLD (03330) rose by 4.83% to 25.18 Hong Kong dollars; ZHAOJIN MINING (01818) rose by 3.99% to 30.72 Hong Kong dollars; Shandong Gold Mining (01787) rose by 3.04% to 31.16 Hong Kong dollars.
In terms of news, on March 27, the prices of gold and silver rose during trading. Spot gold broke through $4460 per ounce, rising nearly 2% intraday, while spot silver briefly rose above $70 per ounce. Earlier, Trump announced that the planned strike on Iran's energy infrastructure would be suspended for 10 days, postponed to 8 pm on April 6 (Eastern Time). According to the latest news, Malaysia stated that Iran has allowed some of its oil tankers to pass through the Strait of Hormuz. This move has eased concerns about disruptions in energy supply due to a potential war with Iran.
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