Hong Kong Stock Concept Tracking | Gold prices continue to rise, benefiting gold mining companies (with concept stocks)
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International gold prices continue to rise, with London Gold briefly surpassing $2620 per ounce, spot gold reaching $2630 per ounce, and COMEX gold futures hitting $2650 per ounce. After the Fed's interest rate cut, market bubble risks have intensified, making gold a tool to hedge against economic recession. Despite the pause in gold purchases by the People's Bank of China, India's gold imports have reached record highs. Investment banks predict a gold price target of $2700, with some hedge funds expecting it to rise to $3000. Related companies include Zijin Mining, SD GOLD, and others
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