---
title: "Market Insight | Gold stocks generally open higher, gold price hits another historical high, several gold mining companies expect positive performance in the first three quarters"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/217169922.md"
description: "Gold stocks generally opened higher. As of the time of publication, Zhaojin Mining rose by 3.24% to HKD 14; SD GOLD rose by 2.7% to HKD 17.5; Zijin Mining rose by 2.05% to HKD 16.9; Lingbao Gold rose by 1.74% to HKD 2.93. On the news front, U.S. retail sales increased in September, reinforcing expectations of a 25 basis point rate cut. In addition, geopolitically, the Israeli Defense Forces announced on Thursday that Hamas leader Sinwar was killed in an attack in the Gaza Strip, accused by Israel of being the mastermind behind the \"Aksa Flood Operation\" on October 7 last year. International gold prices remain strong, with spot gold briefly approaching the $2700 mark, hitting a new historical high. Benefiting from the continuous rise in gold prices, several listed gold mining companies have announced positive performance expectations for the first three quarters. Among the Hong Kong-listed companies, SD GOLD is expected to achieve a net profit attributable to the parent company's owner of RMB 1.85 billion to RMB 2.25 billion in the first three quarters, an increase of 37.52% to 67.26% year-on-year. In addition, Zhaojin Mining achieved a net profit attributable to the parent company's owner of RMB 881 million in the first three quarters, an increase of 141.07% year-on-year"
datetime: "2024-10-18T01:30:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/217169922.md)
  - [en](https://longbridge.com/en/news/217169922.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/217169922.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/217169922.md) | [繁體中文](https://longbridge.com/zh-HK/news/217169922.md)


# Market Insight | Gold stocks generally open higher, gold price hits another historical high, several gold mining companies expect positive performance in the first three quarters

According to the Wise Finance APP, gold stocks generally opened higher. As of the time of publication, Zhaojin Mining (01818) rose by 3.24% to HKD 14; Shandong Gold (01787) rose by 2.7% to HKD 17.5; Zijin Mining (02899) rose by 2.05% to HKD 16.9; Lingbao Gold (03330) rose by 1.74% to HKD 2.93.

On the news front, U.S. retail sales increased in September, reinforcing expectations of a 25 basis point rate cut. In addition, geopolitically, the Israeli Defense Forces announced on Thursday that Hamas leader Sinwar was killed in an attack in the Gaza Strip, accused by Israel of being the mastermind behind the "Aksa Flood Operation" on October 7 last year. International gold prices remain strong, with spot gold briefly approaching the $2700 mark, hitting a new historical high.

Benefiting from the continuous rise in gold prices, several listed gold mining companies have announced positive performance forecasts for the first three quarters. Among the Hong Kong-listed companies, Shandong Gold is expected to achieve a net profit attributable to the owners of the parent company of RMB 1.85 billion to RMB 2.25 billion in the first three quarters, an increase of 37.52% to 67.26% year-on-year. In addition, Zhaojin Mining achieved a net profit attributable to the parent company of RMB 881 million in the first three quarters, an increase of 141.07% year-on-year

### Related Stocks

- [Zijin Mining (601899.CN)](https://longbridge.com/en/quote/601899.CN.md)
- [ZIJIN MINING (02899.HK)](https://longbridge.com/en/quote/02899.HK.md)
- [LINGBAO GOLD (03330.HK)](https://longbridge.com/en/quote/03330.HK.md)
- [ZHAOJIN MINING (01818.HK)](https://longbridge.com/en/quote/01818.HK.md)
- [SD-GOLD (600547.CN)](https://longbridge.com/en/quote/600547.CN.md)
- [SD GOLD (01787.HK)](https://longbridge.com/en/quote/01787.HK.md)

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