Hong Kong Stock Market Review: Gold Price Hits a New High

Gold price hits a new high, with gold stocks rebounding due to the positive impact of the U.S. stock market. However, despite the continuous rise in gold prices, some companies' stock prices still face the risk of a pullback, especially with the significant impact of copper price decline on profits. CHINAGOLDINTL saw a sharp decline in revenue and profits due to mine shutdowns, while LINGBAO GOLD saw profit growth amid rising gold prices. LINGBAO GOLD implemented full circulation of H-shares, with the issuance leading to a decrease in earnings per share. Overall, mining companies are experiencing significant fluctuations in performance, especially small companies