According to Zhitong Finance APP, gold stocks collectively fell. As of the time of publication, Lingbao Gold (03330) dropped 4.26% to HKD 2.92; Shandong Gold (01787) fell 3.2% to HKD 13.3; Zijin Mining (02899) decreased by 2.51% to HKD 14.78; China Gold International (02099) declined 1.92% to HKD 38.25.
On the news front, CITIC Construction Investment's research report pointed out that since November, U.S. Treasury yields and the U.S. dollar index have significantly rebounded under the Trump trade, with expectations for interest rate cuts cooling. Coupled with severe overbought conditions technically, gold prices have corrected from high levels, briefly falling to around USD 2,500. In the medium term, with the U.S. economy and inflation slowing simultaneously, gold prices are still likely to remain in a high-level fluctuation mode. In the short term, gold prices around USD 2,400 could be considered for reallocation.
It is reported that at the end of October this year, international gold prices broke through the historical high of USD 2,800 per ounce. However, entering November, the trend of gold prices has intensified. In early November, international gold prices continued to adjust, falling nearly 9% from the historical peak. Industry insiders believe that the market's expectations for a Federal Reserve interest rate cut in December have cooled, geopolitical risks in the Middle East have weakened, and the recent rebound of the U.S. dollar index have all posed negative impacts on international gold prices. Gold prices face adjustment pressure in the short term, but the medium to long-term trend remains bullish

03330

600547

01787

601899

02899

Gold stocks collectively fell, with LINGBAO GOLD down 4.26%, SD GOLD down 3.2%, and ZIJIN MINING down 2.51%. CITIC Construction Investment pointed out that with gold prices adjusting from high levels, it may be worth considering increasing allocations around $2400 in the short term. Although gold prices broke through $2800 per ounce at the end of October, they have seen increased volatility since November, dropping nearly 9%. The market's expectations for a Federal Reserve interest rate cut have cooled, and the strong rebound of the dollar has put pressure on gold prices for adjustment, but the medium to long-term trend remains bullish

- Gold stocks have collectively declined, with Lingbao Gold down 4.26% and Shandong Gold down 3.2%.  
- According to CITIC Securities, rising U.S. Treasury yields and a stronger dollar have led to a correction in gold prices, which fell to around $2,500 after peaking above $2,800 in late October.  
- While short-term adjustments are expected, the overall medium to long-term outlook for gold remains bullish despite recent market pressures.

Zhitong

LINGBAO GOLD

SD-GOLD

SD GOLD

Zijin Mining

ZIJIN MINING

Understanding the Market | Gold stocks collectively fell as gold prices recently corrected from high levels. Institutions suggest considering reallocation around $2,400