Hong Kong stocks movement | Gold stocks collectively rose as the expectation for Federal Reserve interest rate hikes receded and central bank gold purchases continued. Deutsche Bank raised its gold price forecast to $5,100.

According to Zhitong Finance APP, gold stocks collectively rose. As of the time of writing, Zijin Mining International (02259.HK) was up 5.41% at HKD 134.4; Zhaojin Mining Industry (01818.HK) rose 4.41% to HKD 23.68; Shandong Gold (01787.HK) increased by 4.39% to HKD 22.34; Lingbao Gold (03330) saw a rise of 4.2% to HKD 22.32; and China Gold International (02099) was up 3.36% at HKD 221.8.