---
title: "Shandong Gold surges 8% as spot gold breaks $4,500"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296437353.md"
description: "Shandong Gold (1787.HK) surged 8% to HK$25.80 as spot gold breached $4,500 on U.S. Treasury buyback expansion."
datetime: "2026-08-20T05:10:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296437353.md)
  - [en](https://longbridge.com/en/news/296437353.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296437353.md)
generator: "portal-rs"
---

# Shandong Gold surges 8% as spot gold breaks $4,500

Shandong Gold (1787.HK) surged **8%** during morning trading in Hong Kong to HK$**25.80**, after touching an intraday high of HK$**26.68** on turnover of approximately HK$**798 million**.

The rally came as spot gold breached the US$**4,500** mark, reaching US$**4,522.78** per ounce, following the U.S. Treasury's announcement to at least double its buyback program for 10- to 30-year bonds, which pushed down yields and the dollar index.

Adding to bullish momentum, total U.S. federal debt surpassed US$**40 trillion** on Aug. 18, intensifying concerns over sovereign credit and fiscal sustainability. Central banks globally continue to increase gold holdings to diversify reserves, providing medium- to long-term support for bullion prices.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**