Changes in Hong Kong stocks | Gold stocks are falling across the board, and the BOCM index is about to be rebalanced, Xiaomo says that gold and silver are facing huge technical selling pressure

The Zhitong Finance App learned that gold stocks were lower across the board. As of press release, Zijin Gold International (02259) fell 5.05% to HK$150.5; Zijin Mining (02899) fell 3.13% to HK$33.38; Tongguan Gold (00340) fell 3.11% to HK$2.8; Shandong Gold (01787) fell 2.85% to HK$33.46.

According to the news, J.P. Morgan Chase's latest research report shows that the much-publicized Bloomberg Commodity Index (BCOM) will soon carry out an annual weight rebalance in January 2026. The report predicts that silver will experience the heaviest sell-off, accounting for about 9% of all outstanding contracts in the futures market. The report specifically emphasizes that the sell-off pressure on silver this year is “more prominent than last year,” and it is worthy of investors' high vigilance. The volume of the gold sell-off is expected to account for about 3% of the total outstanding contracts in the futures market. Although the ratio is lower than that of silver, considering the huge market size of gold, its absolute sell-off amount is still quite impressive.

China Post Securities released a research report saying that the volatility of silver is high, and London inventories are recovering, so the short-term liquidation logic may be suspended. In the long run, the process of de-dollarization will not reverse. Combined with the inflow of ETF allocation funds under short-term interest rate cut transactions, we are still optimistic about the performance of the precious metals sector. In the long run, the process of de-dollarization will not reverse, and low-level chip proposals are not afraid of fluctuations and are firm holders.