HK Stock Market Move | Spot gold back above $4500, Chifeng Jilong Gold Mining (06693) rises over 7%, LINGBAO GOLD (03330) rises over 6%.

Gold stocks hit a bottom and rebounded. As of the time of writing, Chifeng Jilong Gold Mining (06693) rose 7.12% to 39.74 Hong Kong dollars; LINGBAO GOLD (03330) rose 6.7% to 27.06 Hong Kong dollars; Shandong Gold Mining (01787) rose 4.8% to 32.76 Hong Kong dollars; ZIJIN GOLD INTL (02259) rose 3.43% to 177.9 Hong Kong dollars. In terms of news, on March 30, spot gold plummeted at the opening, falling to 4417.665 US dollars per ounce at one point, and then rebounded back above 4500 US dollars. The latest news shows that U.S. President Trump said that Iran has agreed to suspend "most of the 15-point plan". It is worth noting that the U.S.-initiated conflict with Iran has been ongoing for more than a month. Previous reports indicated that Houthi armed forces in Yemen had joined the conflict and launched two attacks on Israel. There are also reports that the Pentagon is preparing for a ground operation against Iran lasting several weeks. Huafu Securities research report pointed out that the geopolitical situation is far from easing, and safe-haven and inflation-hedging trading remain at the core of gold trading. In the short term, the Middle East situation combined with fluctuating expectations of the Fed rate cuts present a pattern of easy rise and difficult fall overall; in the medium to long term, against the backdrop of global tariff policies and geopolitical uncertainties, safe-haven and inflation-hedging trades remain the core of gold trading, with no change in long-term investment value.