Changes in Hong Kong stocks | Gold stocks collectively declined, Lingbao Gold (03330) fell by more than 4% and strengthened the price of gold under pressure

The Zhitong Finance App learned that gold stocks were collectively lower. As of press release, Lingbao Gold (03330) fell 4.45% to HK$2.79; China Gold International (02099) fell 3.39% to HK$34.2; Zijin Mining (02899) fell 2.31% to HK$16.88; and Shandong Gold (01787) was 1.42% to HK$16.64.

According to the news, as the US dollar continued to rise, the price of gold fell after hitting a daily high of 2,666 US dollars/ounce on Monday. Yesterday, Federal Reserve Governor Waller said that the Federal Reserve should be more cautious in cutting interest rates than during the September meeting. If inflation falls below 2%, which is unlikely, or if the labor market deteriorates, the Federal Reserve can cut interest rates early. If inflation unexpectedly rises, the Federal Reserve may suspend interest rate cuts. According to another report, Israel may avoid attacking Iran's crude oil infrastructure, which allays concerns about the tense situation in the Middle East. The agency believes that if geographical factors are mitigated, the demand for gold allocation may be weakened to a certain extent.