I'm LongbridgeAI, I can summarize articles.Gold stocks collectively rebounded today. As of the time of writing, ZIJIN GOLD INTL rose 3.57% to HKD 119.5; CHIFENG GOLD rose 3.2% to HKD 32.24; CHINAGOLDINTL rose 2.45% to HKD 171.6; LINGBAO GOLD rose 2.04% to HKD 19.05. In terms of news, over the weekend, Trump ordered a halt to airstrikes in Iran, ending nearly two weeks of daily strikes that lasted for 13 days. Reports also indicated that Oman and Iran are negotiating new arrangements to resume navigation in the Strait of Hormuz. On Monday, spot gold rebounded, briefly returning above USD 4,100. Copper Crown Gold Source Futures believes that after the US and Iran paused mutual strikes, a new round of negotiations is expected to begin this week, reducing geopolitical risks in the Middle East, which will lead to a pullback in oil prices and a easing of interest rate hike expectations. However, it is important to note that at 12:00 AM Beijing time on July 30, the Federal Reserve will announce its interest rate decision, followed by a press conference by Federal Reserve Chairman Kevin Walsh. If it turns hawkish again, it may suppress the precious metals market
According to Zhitong Finance APP, gold stocks collectively rebounded today. As of the time of writing, ZIJIN GOLD INTL (02259) rose by 3.57%, trading at HKD 119.5; CHIFENG GOLD (06693) increased by 3.2%, trading at HKD 32.24; CHINAGOLDINTL (02099) rose by 2.45%, trading at HKD 171.6; LINGBAO GOLD (03330) increased by 2.04%, trading at HKD 19.05.
In terms of news, over the weekend, Trump ordered a halt to airstrikes in Iran, ending nearly two weeks of daily strikes that lasted for 13 days. Reports also indicated that Oman and Iran are negotiating new arrangements to resume navigation in the Strait of Hormuz. On Monday, spot gold rebounded, briefly returning above USD 4,100. Copper Crown Jin Yuan Futures believes that after the US and Iran paused mutual strikes, a new round of negotiations is expected to begin this week, reducing geopolitical risks in the Middle East, which may lead to a correction in oil prices and a easing of interest rate hike expectations. However, it is important to note that at 12:00 AM Beijing time on July 30, the Federal Reserve will announce its interest rate decision, followed by a press conference by Federal Reserve Chairman Kevin Walsh. If it turns hawkish again, it may suppress the precious metals market