--- title: "Understanding the Market | Gold Stocks Rise Collectively as Fed Rate Hike Expectations Ease and Central Bank Gold Purchases Continue; Deutsche Bank Sees Gold Price Rising to $5,100" type: "News" locale: "en" url: "https://longbridge.com/en/news/296067515.md" description: "Driven by the easing expectations of interest rate hikes by the Federal Reserve and the continued gold purchases by global central banks, spot gold has returned above $4,400, with Deutsche Bank forecasting gold prices to rise to $5,100. Against this backdrop, gold stocks in the A-shares and Hong Kong markets have collectively risen, with Zijin Mining International and ZHAOJIN MINING showing significant gains. At the same time, Zijin Mining International released its interim report, showing a substantial year-on-year increase in gold production and net profit in the first half of the year" datetime: "2026-08-17T07:11:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296067515.md) - [en](https://longbridge.com/en/news/296067515.md) - [zh-HK](https://longbridge.com/zh-HK/news/296067515.md) --- # Understanding the Market | Gold Stocks Rise Collectively as Fed Rate Hike Expectations Ease and Central Bank Gold Purchases Continue; Deutsche Bank Sees Gold Price Rising to $5,100 According to Zhitong Finance APP, gold stocks have collectively risen. As of the time of publication, Zijin Mining International (02259) is up 5.41%, trading at HKD 134.4; ZHAOJIN MINING (01818) is up 4.41%, trading at HKD 23.68; SD-GOLD (01787) is up 4.39%, trading at HKD 22.34; Lingbao Gold (03330) is up 4.2%, trading at HKD 22.32; and China Gold International (02099) is up 3.36%, trading at HKD 221.8. In terms of news, spot gold has fluctuated and risen today, returning above USD 4,400. Last week, the U.S. CPI and PPI inflation data were released, showing a marginal easing of inflation pressure. Coupled with the unexpected decline in U.S. retail sales in July and falling oil prices, market expectations for another interest rate hike by the Federal Reserve have significantly decreased. Meanwhile, the trend of global central banks purchasing gold continues, with net gold purchases by global central banks in the second quarter surging 62% year-on-year, setting a historical record for the highest amount in any second quarter. Deutsche Bank's research report points out that the fifth round of "explosive" growth in gold, which started in 2024, is still ongoing. The dual inelastic demand support from central bank gold purchases and ETF capital inflows has set a year-end price target range of USD 4,700-5,100 per ounce. Additionally, the latest interim report released by Zijin Mining International shows that in the first half of this year, Zijin Mining International's gold production was approximately 27.3 tons, a year-on-year increase of 44%; revenue reached approximately USD 3.987 billion, a year-on-year increase of 100%; and the profit attributable to the parent company was approximately USD 1.451 billion, a significant year-on-year increase of 179% ### Related Stocks - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [01818.HK](https://longbridge.com/en/quote/01818.HK.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [600547.CN](https://longbridge.com/en/quote/600547.CN.md) - [600489.CN](https://longbridge.com/en/quote/600489.CN.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [GLDW.US](https://longbridge.com/en/quote/GLDW.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [DULL.US](https://longbridge.com/en/quote/DULL.US.md) - [SHNY.US](https://longbridge.com/en/quote/SHNY.US.md) ## Related News & Research - [GRAPHIC-Gold shows early signs of reclaiming safe-haven appeal after Iran war selloff](https://longbridge.com/en/news/296127032.md) - [PRECIOUS-Gold gains as markets await key US inflation data](https://longbridge.com/en/news/295547361.md) - [PRECIOUS-Gold edges lower as markets await key US inflation data](https://longbridge.com/en/news/295568633.md) - [PRECIOUS-Gold advances as mild US inflation data puts Fed rate hike in doubt](https://longbridge.com/en/news/295729644.md) - [PRECIOUS-Gold retreats on profit-taking after hitting two-month peak following inflation data](https://longbridge.com/en/news/295830314.md)