---
title: "Shandong Gold climbs 8% as spot gold tops $4,500 on US bond buyback plan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296573476.md"
description: "Shandong Gold climbs 8% as spot gold breaks $4,500 on US bond buybacks and central bank demand."
datetime: "2026-08-21T06:02:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296573476.md)
  - [en](https://longbridge.com/en/news/296573476.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296573476.md)
generator: "portal-rs"
---

# Shandong Gold climbs 8% as spot gold tops $4,500 on US bond buyback plan

Shandong Gold (1787.HK) climbed 8% in Hong Kong trading to HK$27.46, touching a session high of HK$27.48 on turnover of approximately HK$784 million.

Spot gold surged past $4,500 an ounce after the US Treasury announced an expansion of its long-term bond buyback program, with single operations potentially exceeding $4 billion. The move pushed 30-year Treasury yields sharply lower and weighed on the dollar, bolstering demand for non-yielding assets. China International Capital Corp said the buybacks erode dollar credibility and are bullish for gold, while CITIC Futures flagged near-term profit-taking risk but maintained a constructive medium-term outlook.

Gold prices are further underpinned by US federal debt surpassing **$40 trillion** and continued reserve diversification by central banks globally. Mainland-listed precious-metals stocks rallied in tandem, with Zhaojin Gold, Chifeng Gold and China National Gold hitting daily limits.

### Related Stocks

- [01787.HK](https://longbridge.com/en/quote/01787.HK.md)

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