HK Stock Market Move | Gold stocks rise again; central bank increases gold holdings for 24th consecutive month, with monthly increase hitting a new high for this cycle.

Gold stocks rose again. As of press time, LINGBAO GOLD (03330) gained 5.86% to HK$17.71; ZIJIN GOLD INTL (02259) rose 3.96% to HK$141.9; Shandong Gold Mining (01787) gained 3.10% to HK$18.64; ZHAOJIN MINING (01818) rose 2.41% to HK$17.83. On the news front, COMEX gold once again climbed above US$4,100 on November 9. The latest data from China's central bank showed that gold reserves stood at 78.3 million ounces at the end of October, an increase of 830,000 ounces month-on-month, marking the 24th consecutive month of gold purchases, with the monthly increase hitting a new high since the restart of gold-buying operations in November 2024. The latest report published by the World Gold Council shows that in the third quarter, global central banks' strong gold-buying momentum pushed year-to-date demand above the level of the same period in 2025. Global central bank gold demand reached 321 tonnes in the quarter, far above the five-year quarterly average. Disclosed net gold purchases in the third quarter amounted to 120 tonnes, with buying activity still highly concentrated, mainly contributed by China and Poland. Year-to-date global central bank gold purchases totaled 675 tonnes, up 6% from the same period last year.