HK Stock Market Move | Gold stocks surged again, highlighting the value of gold as a safe-haven asset and for long-term allocation.

Gold stocks have risen again. As of the time of writing, EVEREST GOLD (01815) has increased by 7.06%, trading at HKD 1.745; PERSISTENCE GOLD (02489) has risen by 3.51%, priced at HKD 0.885; Chifeng Jilong Gold Mining (06693) has gained 3.03%, at HKD 38.04; and Shandong Gold Mining (01787) has increased by 2.4%, trading at HKD 23.02. In terms of news, since August, both London gold and New York gold have cumulatively risen by nearly 10%. UBS's latest report indicates that gold prices are expected to surge to USD 5,000 per ounce in the first half of 2027. UBS believes that although the short-term market environment remains volatile, multiple long-term favorable factors are solidifying the foundation for gold's upward logic in the medium to long term. Huatai points out that despite the Middle East situation still exerting pressure on global liquidity, the uncertainty surrounding the intrinsic value of the dollar has increased following the change in leadership at the Federal Reserve. Coupled with the cooling of extreme conditions in AI hardware supply chains, gold's value as a safe-haven asset and for long-term allocation has once again become prominent. In the short term, attention is on the Federal Reserve's annual meeting at the end of August and the September FOMC decision, while the medium to long term outlook for gold's allocation value remains optimistic. Industrial also stated that with expectations for U.S. interest rate hikes easing, macroeconomic pressure on metals is loosening, and metal prices are likely to rise strongly; for precious metals, the bottom for gold prices may have already formed, and the price center is expected to gradually rise in the second half of the year.