Hong Kong Stock Market Review: Gold prices rise

The price of gold rose close to 2500 yuan due to the expectation of interest rate cuts in September and tensions in the Middle East. The rebound in the price of gold was driven by multiple factors, with Chinese investors entering the market early to profit. The price of copper fell back due to the impact of interest rate cuts and the delayed turning point in the domestic economy, causing hesitation among downstream and traders to accept goods. A hard landing is good for the price of gold, while a soft landing is good for the price of copper. In August, the Hong Kong stock market will usher in the interim reporting season, with core asset performance guidance expected to exceed expectations, and core support remains continuous repurchases. The short interest ratio of stocks such as Tencent has risen, and reverse trading may occur at any time