HK Stock Market Move | Golden stocks lead the gains, US-Iran agreement eases inflation concerns, spot gold breaks through $4300.

Golden stocks lead the way, as of the time of writing, Zijin Gold Intl (02259) rose by 10.98% to 117.2 Hong Kong dollars; Zijin Mining Group (02899) rose by 7.26% to 33.68 Hong Kong dollars; ZHAOJIN MINING (01818) rose by 7.09% to 21.46 Hong Kong dollars; CHINAGOLDINTL (02099) rose by 7.12% to 161 Hong Kong dollars; Chifeng Jilong Gold Mining (06693) rose by 6.14% to 29.38 Hong Kong dollars. On the news front, on June 15th, spot gold rose above $4310 per ounce, up more than 2% during the day. According to CCTV News, on the 14th American President Trump said on social media that as the US-Iran agreement is signed on the 19th, the Strait of Hormuz will reopen for mine clearance operations. Zhongjin Wealth Futures pointed out that gold is the most beneficial target for the US-Iran agreement. Follow-up attention is on the situation of oil tanker passage through the Strait of Hormuz and oil price trends. Huatai Futures stated that looking ahead, as negotiations between the US and Iran progress, the inflation level may decline and push market expectations for monetary policy tightening to gradually cool down, the Federal Reserve's loose policy channel may open, precious metal prices are expected to rebound, maintaining a cautious bullish view on gold.