Hong Kong Stock Market News | Gold stocks continue recent uptrend as international gold prices hit a historical high during the holiday season, with central banks from multiple countries purchasing gold to boost demand
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Gold stocks continued to rise during the holiday period, with the stock prices of Zhaojin Mining, Lingbao Gold, China Gold International, and Shandong Gold all seeing increases. The international gold price hit a historical high, and the People's Bank of China has been increasing its gold reserves for the 17th consecutive month. The amount of gold shipped from Switzerland to China has also significantly increased. ANX International stated that the escalating geopolitical tensions and the 2024 elections will increase the demand for gold
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