B · Normal
[Hong Kong gold stocks strengthened, Chifeng Gold rose more than 13%] November 4th, Hong Kong gold stocks strengthened during the session. As of press time, Chifeng Gold (06693.HK) rose more than 13%, Zijin Gold International (02259.HK) rose more than 10%, Lingbao Gold (03330.HK) rose more than 10%, and Zijin Mining (02899.HK) rose more than 6%. On the news, spot gold rose by 1% to approach US$4,000 per ounce; data from the World Gold Council showed that global central banks net purchased 321 tons of gold in the third quarter, a year-on-year increase of 42%. Coupled with the weakening of oil prices, which eased inflation expectations, sentiment in the precious metal sector recovered.
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