Changes in Hong Kong stocks | Gold stocks are generally falling, and the US Treasury bailout has triggered a new round of sell-off, geographically boosting oil prices and strengthening concerns about inflation

The Zhitong Finance App learned that gold stocks were generally lower today. As of press release, Lingbao Gold (03330) fell 3.06% to HK$23.42; Shandong Gold (01787) fell 3.18% to HK$24.94; and Chifeng Gold (06693) fell 1.31% to HK$39.2.

According to the news, on Wednesday, the US Treasury announced that it would raise the upper limit of a single long-term treasury bond repurchase to 6 billion US dollars, three times the original size last month, but this effort has not stopped the sell-off trend in the bond market. The 10-year US Treasury yield hit a three-year high in the intraday period. Geographically, mutual attacks between the US and Iran have further escalated. Brent futures rose above the $100 mark per barrel for the first time since the end of July, further heating up concerns about inflation.

CITIC Futures believes that gold is expected to remain volatile in the short term, and that US inflation data during the week will be an important catalyst for the next phase of direction selection. If core inflation continues to ease, expectations of the Fed's interest rate hike are expected to cool down. After the pressure on the US dollar and real interest rates falls, gold has the conditions to break through again; if inflation, especially core inflation, exceeds expectations, then rising oil prices may resonate with expectations of policy tightening, and gold is still facing further adjustment pressure.