--- title: "Understanding the Market | Gold stocks all rise, LINGBAO GOLD up over 7%, Trump again TACO precious metals rebound" type: "News" locale: "en" url: "https://longbridge.com/en/news/289538496.md" description: "Gold stocks all rose. As of the time of writing, LINGBAO GOLD rose 7.31% to HKD 14.68; CHIFENG GOLD rose 5.36% to HKD 26.36; CHINAGOLDINTL rose 4.99% to HKD 145.1; ZHAOJIN MINING rose 4% to HKD 19.76; ZIJIN MINING rose 4.74% to HKD 30.48. On the news front, the situation in the Middle East has taken a dramatic turn. Trump previously announced on social media that he would \"very vigorously\" attack Iran, but just about five hours later, he reversed course, stating that the plan to strike Iran has been canceled, and the agreement is basically finalized, possibly to be signed in Europe over the weekend. As a result, spot gold briefly returned to USD 4,200. Notably, the European Central Bank raised interest rates by 25 basis points on the 11th, marking its first rate hike in nearly three years, with signs of global monetary policy tightening still present. Additionally, the U.S. Department of Labor released data on the 11th showing that the Producer Price Index (PPI) in the U.S. rose 1.1% month-on-month in May, exceeding market expectations; year-on-year, it rose 6.5%, marking the largest increase since November 2022" datetime: "2026-06-12T02:41:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289538496.md) - [en](https://longbridge.com/en/news/289538496.md) - [zh-HK](https://longbridge.com/zh-HK/news/289538496.md) --- # Understanding the Market | Gold stocks all rise, LINGBAO GOLD up over 7%, Trump again TACO precious metals rebound According to Zhitong Finance APP, gold stocks have all risen. As of the time of publication, Lingbao Gold (03330) is up 7.31%, trading at HKD 14.68; Chifeng Gold (06693) is up 5.36%, trading at HKD 26.36; China Gold International (02099) is up 4.99%, trading at HKD 145.1; Zhaojin Mining (01818) is up 4%, trading at HKD 19.76; Zijin Mining (02899) is up 4.74%, trading at HKD 30.48. On the news front, the situation in the Middle East has taken a dramatic turn. Trump previously announced on social media that he would "attack Iran very fiercely," but just about five hours later, he reversed course, stating that the plan to strike Iran has been canceled, and the agreement is basically finalized, possibly to be signed in Europe over the weekend. As a result, spot gold briefly returned to USD 4,200. It is noteworthy that the European Central Bank raised interest rates by 25 basis points on the 11th, marking the first rate hike in nearly three years, with signs of global monetary policy tightening still present. Additionally, the U.S. Department of Labor released data on the 11th showing that the Producer Price Index (PPI) in the U.S. rose by 1.1% month-on-month in May, exceeding market expectations; year-on-year, it increased by 6.5%, the largest increase since November 2022 ### Related Stocks - [03330.HK](https://longbridge.com/en/quote/03330.HK.md) - [02899.HK](https://longbridge.com/en/quote/02899.HK.md) - [01818.HK](https://longbridge.com/en/quote/01818.HK.md) - [02099.HK](https://longbridge.com/en/quote/02099.HK.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [06693.HK](https://longbridge.com/en/quote/06693.HK.md) - [600988.CN](https://longbridge.com/en/quote/600988.CN.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [02919.HK](https://longbridge.com/en/quote/02919.HK.md) - [600916.CN](https://longbridge.com/en/quote/600916.CN.md) - [600489.CN](https://longbridge.com/en/quote/600489.CN.md) ## Related News & Research - [Gold falls on rate-hike fears as Middle East hostilities escalate](https://longbridge.com/en/news/289025021.md) - [PRECIOUS-Gold rebounds from six-month low on short-covering; PPI data in focus](https://longbridge.com/en/news/289402158.md) - [PRECIOUS-Gold steady as lower oil offsets US rate-hike fears](https://longbridge.com/en/news/289163853.md) - [PRECIOUS-Gold steady as traders weigh Israel-Iran ceasefire, inflation risks](https://longbridge.com/en/news/289134194.md) - [PRECIOUS-Gold erases losses after ceasefire hopes emerge; strong US jobs data caps gains](https://longbridge.com/en/news/289066580.md)