Changes in Hong Kong stocks | Gold stocks increased at the end of the session, gold futures rose above $3,300, institutions say the scissor gap in gold stocks has converged and ushered in a window period

The Zhitong Finance App learned that the increase in gold stocks increased at the end of the session. As of press release, Chifeng Gold (06693) rose 20.58% to HK$31.05; Dragon Resources (01712) rose 16.21% to HK$3.37; Zhaojin Mining (01818) rose 7.82% to HK$19.3; and Shandong Gold (01787) rose 7% to HK$24.45.

According to the news, on April 16, COMEX gold increased to 2%, breaking through 3,300 US dollars/ounce, continuing to reach a record high. UBS raised the gold price forecast to 3,500 US dollars/ounce; the Goldman Sachs report showed that the gold price forecast for the end of 2025 was raised to 3,700 US dollars/ounce, and indicated that under extreme circumstances, gold may hit 4,500 US dollars/ounce; J.P. Morgan also said that the price of gold is 4,000 US dollars or “faster than expected.”

Tianfeng Securities released a research report saying that the current valuation of gold stocks is at 20% over a five-year period, sector repair has both space and momentum, and the “scissor gap” of gold stocks has converged and ushered in a window period. The bank pointed out that Trump has imposed large tariffs on the world, and market concerns about the risk of a recession in the US economy and the risk of US debt repayment have increased. With the rapid decline in the US dollar index, the market has joined forces on the narrative of weakening US dollar credit, and the end of the gold price disagreement has opened up valuation space for gold companies. As the price of gold rose sharply, the growth in gold stock performance became a probable event, and the market's confidence in investing in gold companies increased.