Changes in Hong Kong stocks | Gold stocks are collectively opening higher, Waller pushes expectations of interest rate hikes to cool, and easing pressure on the dollar and interest rates drives gold recovery

The Zhitong Finance App learned that gold stocks were collectively higher. As of press release, Zijin Gold International (02259) rose 4.12% to HK$166.8; Zijin Mining (02899) rose 4.02% to HK$37.8; Chifeng Gold (06693) rose 3.04% to HK$44; and Lingbao Gold (03330) rose 2.98% to HK$23.5.

According to the news, Federal Reserve Governor Waller said on Thursday night that if the upcoming data confirms that inflationary pressure is cooling down, he is inclined to support keeping interest rates unchanged at the Federal Reserve's next monetary policy meeting. But at the same time, he warned that if the inflation data is hot, a further rate hike in September is still a possibility. Influenced by Federal Reserve Governor Waller's statement, traders lowered their bets on the Fed's September rate hike. While the yield on multi-term US bonds declined, the US dollar index also fell significantly.

Currently, the market is focusing on the US non-agricultural data for August, which will be released tonight. CITIC Futures believes that the significance of Waller's speech is to break the market's one-way extrapolation of hawkish signals and return the Federal Reserve's policy path to a state where employment and inflation were jointly decided. Even if the service sector remains resilient, as long as employment continues to cool down, there will be limited room for interest rate hikes to rise further. The next core is still the relative change between employment and inflation.