Changes in Hong Kong stocks | Datang Gold (08299) rose more than 11%, the company's endogenous growth momentum is strong, institutions indicate that the upward logic of precious metals is stable in the medium term

The Zhitong Finance App learned that Datang Gold (08299) rose more than 11%. As of press release, it had risen 11.11% to HK$0.35, with a turnover of HK$597.391 million.

According to the news, the US Treasury's repurchase of long-term US bonds reflects concerns about unsustainable US debt repayment capacity and fiscal balance. Spot gold rose more than 5% in a single week last week. League of Nations Futures said that long-term adjustments to US bonds are difficult to eliminate hidden debt risks, and the upward logic of precious metals is stable in the medium term. Billionaire Dalio, founder of Bridgewater Fund, recently issued a warning that the US debt crisis could break out as soon as three years, and advised investors to reduce their bond holdings and allocate 10% to 15% of their portfolios to gold.

It is worth noting that the company's own endogenous growth momentum is strong. The technological transformation of Taizhou Mining has entered the final stage. The new 1,000 tons/day beneficiation plant is scheduled to be completed before the end of this year; the acquisition of the Ningshan gold mine was officially completed on June 29. The total design capacity of the two beneficiation plants reached 1,500 tons/day, and the potential production capacity could reach 2,000 tons/day. The company's production is expected to complete the switch from “single mine” to “multi-point flowering”.