---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42419116.md"
description: "Gold prices broke through directly in this wave, rebounding above $4,100 at one point. Weak employment data pushed down rate hike expectations again, with safe-haven and rate cut trades fueling gold together. $CHIFENG GOLD(06693.HK) and $ZIJIN GOLD INTL(02259.HK) both rose by double digits, as the operational leverage of mining companies was fully amplified when gold prices broke through.$LAOPU GOLD(06181.HK) also rose six points, but it follows the consumption premium of jewelry brands, which is a different story from pure mining companies. Before gold prices stabilize above $4,000, this high elasticity of mining companies can continue."
datetime: "2026-07-03T10:42:16.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42419116.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42419116.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42419116.md)
author: "[数个一二三四五](https://longbridge.com/en/profiles/27514652.md)"
---

# Gold prices broke through directly in this wave, r…


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