Understanding the Market | Gold Stocks Continue Recent Uptrend, ZIJIN GOLD INTL Hits New High, New York Futures Gold Price Breaks $4,000

Gold stocks continue their recent upward trend. As of the time of writing, CHIFENG GOLD is up 6.57%, trading at HKD 35.36; ZIJIN GOLD INTL is up 3.8%, trading at HKD 152.8; SD GOLD is up 2.97%, trading at HKD 40.86; TONGGUAN GOLD is up 2.31%, trading at HKD 3.1. On the news front, recently, due to the ongoing "shutdown" crisis of the U.S. federal government, increased market expectations for multiple interest rate cuts by the Federal Reserve, and ongoing geopolitical conflicts in various regions around the world, investors have been continuously increasing their holdings in gold as a safe haven, driving international gold prices to new highs. On Tuesday, the gold futures price on the New York Mercantile Exchange briefly broke through USD 4,000 per ounce. This is the first time in history that New York gold futures prices have surpassed this threshold