---
title: "Understanding the Market | Gold stocks rise collectively as the dollar's upward momentum slows and risk aversion sentiment increases, leading to a rebound in gold prices after six consecutive declines"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/220032959.md"
description: "Gold stocks collectively rose. As of the time of publication, CHINAGOLDINTL rose 3.44% to HKD 36.05; ZHAOJIN MINING rose 3.37% to HKD 11.66; CHI SILVER GP rose 3.31% to HKD 0.25; ZIJIN MINING rose 3.09% to HKD 15.34. On the news front, the strong performance of the US dollar has eased, coupled with increasing uncertainty in the Russia-Ukraine conflict, leading to a rebound in gold prices after six consecutive declines, with spot gold returning above USD 2,600. Reports indicate that the US has allowed Kyiv to attack within 300 kilometers of Russian depth, and the Russia-Ukraine war is still far from a proper resolution. Goldman Sachs stated that driven by purchases from major central banks and US interest rate cuts, gold prices are expected to rise to record levels next year. Goldman Sachs has listed gold as one of its preferred commodities for trading in 2025 and indicated that gold prices may continue to rise during Donald Trump's presidency"
datetime: "2024-11-19T01:51:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/220032959.md)
  - [en](https://longbridge.com/en/news/220032959.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/220032959.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/220032959.md) | [繁體中文](https://longbridge.com/zh-HK/news/220032959.md)


# Understanding the Market | Gold stocks rise collectively as the dollar's upward momentum slows and risk aversion sentiment increases, leading to a rebound in gold prices after six consecutive declines

According to Zhitong Finance APP, gold stocks collectively rose. As of the time of publication, CHINAGOLDINTL (02099) rose by 3.44% to HKD 36.05; ZHAOJIN MINING (01818) rose by 3.37% to HKD 11.66; CHI SILVER GP (00815) rose by 3.31% to HKD 0.25; ZIJIN MINING (02899) rose by 3.09% to HKD 15.34.

On the news front, the strong performance of the US dollar has eased, coupled with increasing uncertainty in the Russia-Ukraine conflict, leading to a rebound in gold prices after six consecutive declines, with spot gold returning above USD 2,600. Reports indicate that the US has allowed Kyiv to attack within 300 kilometers of Russian depth, and the Russia-Ukraine war is still far from a proper resolution.

Goldman Sachs stated that driven by purchases from major central banks and US interest rate cuts, gold prices are expected to rise to record levels next year. Goldman Sachs has listed gold as one of its preferred commodities for trading in 2025 and indicated that gold prices may continue to rise during Donald Trump's presidency

### Related Stocks

- [CHINAGOLDINTL (02099.HK)](https://longbridge.com/en/quote/02099.HK.md)
- [Zijin Mining (601899.CN)](https://longbridge.com/en/quote/601899.CN.md)
- [ZIJIN MINING (02899.HK)](https://longbridge.com/en/quote/02899.HK.md)
- [CHI SILVER GP (00815.HK)](https://longbridge.com/en/quote/00815.HK.md)
- [ZHAOJIN MINING (01818.HK)](https://longbridge.com/en/quote/01818.HK.md)

## Related News & Research

- [Thunderstruck Lands Strategic Zhaojin Investment to Advance Fiji Exploration](https://longbridge.com/en/news/281257194.md)
- [China Gold International Resources reports Q4 results](https://longbridge.com/en/news/281081504.md)
- [Zhaowei Aligns Hong Kong and Mainland Reporting Under PRC Accounting Standards](https://longbridge.com/en/news/281055855.md)
- [Malaysia, Hong Kong bourse operators to offer cross-border investment opportunities](https://longbridge.com/en/news/280771866.md)
- [Bayan Mining Joins U.S. Defense Consortium to Advance Critical Minerals Role](https://longbridge.com/en/news/281082551.md)