Understanding the Market | Gold stocks fell across the board in the morning session as a stronger dollar and U.S. Treasury yields put pressure on gold prices, with the market generally lowering expectations for future interest rate cuts

Gold stocks fell across the board in the morning session, with China Silver Group down 5.45%, Zijin Mining and Lingbao Gold both down 4.02%. Influenced by a strong U.S. dollar, international gold prices fell nearly 2% last week, marking the largest weekly decline in over five months. The market has generally lowered expectations for future interest rate cuts, anticipating a 25bps cut at the November FOMC meeting, with Powell emphasizing the Federal Reserve's independence and data-dependent decision-making approach. Trump's election could lead to higher inflation, further suppressing precious metals