Gold jewelry stocks generally performed well, LAOPU GOLD rose nearly 7%, LUK FOOK HOLD reached a seven-and-a-half-year high, while Chow Tai Fook showed weakness against the market

Gold and silver prices continue to break records, with spot gold approaching the $5,000 per ounce mark, currently reported at $4,944.08. February futures gold in New York is up 0.7%, reported at $4,948.1. Spot silver also hits a new high, rising 2.6% to $98.64 per ounce, while March futures silver is up 2.3% to $98.58.

With the sharp rise in gold prices, the market anticipates price increases for gold products, benefiting some gold jewelry stocks. LAOPU GOLD (06181.HK) opened 2.4% higher this morning (23rd) and saw its gains expand, rising as much as 8.9% earlier in the session, reaching a high of 803.5 HKD, a three-month high. It is currently reported at 788.5 HKD, up 6.84%, with active trading reaching 1.4829 million shares, involving 1.172 billion HKD.

The recently surging LUK FOOK HOLD (00590.HK) reached a high of 33 HKD during the session, a seven-and-a-half-year high. It is currently reported at 32.28 HKD, up 0.25%, with a trading volume of 847,000 shares, involving 27.5464 million HKD. Chow Sang Sang (00116.HK) is currently reported at 14.27 HKD, up 0.92%, with a trading volume of 746,000 shares, involving 10.6308 million HKD. Chow Tai Fook (06168.HK) is currently reported at 28.18 HKD, up 1.15%, with a trading volume of 12.2116 million HKD.

Chow Tai Fook (01929.HK) opened higher but has softened, currently reported at 13.94 HKD, down 1.27%, with a trading volume of 71.6928 million HKD.

The Hang Seng Index is currently reported at 26,703 points, up 73 points or 0.3%, with a trading volume of 120.564 billion HKD