---
title: "Chifeng Jilong climbs 8% as spot gold breaks $4,500"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296569296.md"
description: "Spot gold tops $4,500; Chifeng Jilong rises 8% in HK trading on U.S. buyback bets and Morgan Stanley stake build."
datetime: "2026-08-21T05:04:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296569296.md)
  - [en](https://longbridge.com/en/news/296569296.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296569296.md)
generator: "portal-rs"
---

# Chifeng Jilong climbs 8% as spot gold breaks $4,500

Chifeng Jilong Gold (6693.HK) climbed **8.4%** in Hong Kong trading to HK$44.24 on Friday.

The rally tracked a breakout in spot gold, which cleared the **$4,500** per ounce level for the first time, lifting Hong Kong-listed gold miners including Shandong Gold and Zhaojin Mining.

Bullion prices were underpinned after the U.S. Treasury signaled it may expand single-operation buyback sizes beyond **$4 billion**, a move CICC said would ease long-end rates, weigh on the dollar and erode confidence in U.S. credit — all tailwinds for precious metals. Morgan Stanley's recent stake build in Chifeng Jilong to **8.14%** added further conviction.

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