Understanding the Market | Gold Stocks Rebound Collectively After Significant Drop in International Gold Prices, Institutions Remain Optimistic on Long-term Gold Outlook

Gold stocks collectively rebounded. As of the time of writing, LINGBAO GOLD rose 5.17% to HKD 9.36; CHIFENG GOLD rose 3.68% to HKD 28.15; SD GOLD rose 2.39% to HKD 23.55; ZHAOJIN MINING rose 2.07% to HKD 18.7. On the news front, on April 24th, during the Asian market's early session, gold prices rebounded, with spot gold's intraday increase expanding to 2%, reported at USD 3,358.25 per ounce; COMEX gold was reported at USD 3,366.6 per ounce, with an intraday increase of over 2%. CITIC Futures stated that they remain optimistic about gold in the long term. This week, key attention will be on the U.S. April PMI data and signals from the Federal Reserve regarding policy. Weak economic data may strengthen expectations for interest rate cuts, pushing gold prices back to high levels. Meanwhile, the progress of China-U.S. trade negotiations and the direction of Trump's policies remain key risk points, as sudden changes in market sentiment could trigger short-term volatility. Overall, gold still possesses allocation value under the dual support of safe-haven demand and easing expectations, but caution is needed regarding the dual impact of market sentiment and data