Changes in Hong Kong stocks | Gold stocks are once again rising, and the value of gold as a safe-haven asset and long-term allocation is once again highlighted

The Zhitong Finance App learned that gold stocks rose again. As of press release, Everest Gold (01815) rose 7.06% to HK$1.745; Jihai Gold (02489) rose 3.51% to HK$0.885; Chifeng Gold (06693) rose 3.03% to HK$38.04; and Shandong Gold (01787) rose 2.4% to HK$23.02.

According to the news, since August, London gold and New York gold have both accumulated a cumulative increase of nearly 10%. According to UBS's latest report, the price of gold is expected to rise to 5,000 US dollars/ounce in the first half of 2027. UBS believes that although the short-term market environment is volatile, multiple long-term favorable factors have built a solid foundation for gold's medium- to long-term upward logic.

Huatai Securities pointed out that although the situation in the Middle East still suppresses global liquidity, uncertainty about the intrinsic value of the US dollar increased after the change of head of the Federal Reserve, and the extreme cooling of the AI hardware chain. The value of gold as a safe-haven asset and long-term allocation was once again highlighted. In the short term, it focused on the Federal Reserve's annual meeting at the end of August and the FOMC resolution in September, and continued to be optimistic about the allocation value of gold in the medium to long term. Societe Generale Securities also stated that expectations for US interest rate hikes have declined, macroeconomic pressure on metals is loosened, and metal prices are expected to rise strongly; in terms of precious metals, the bottom of gold prices may have already appeared, and the price center may gradually rise in the second half of the year.