Changes in Hong Kong stocks | Gold stocks are generally higher, the Federal Reserve's latest interest rate negotiations land, spot gold first holds back and then rises

The Zhitong Finance App learned that gold stocks generally rose this morning. As of press release, Lingbao Gold (03330) rose 4.75% to HK$19.86; China Gold International (02099) rose 4.72% to HK$184.2; Zijin Gold International (02259) rose 4.76% to HK$123.3; and Chifeng Gold (06693) rose 4.36% to HK$34.46.

According to the news, on Wednesday, spot gold showed a strong reversal, rising rapidly after the Federal Reserve announced that interest rates would remain unchanged, recovering the 4,100 US dollar mark in one fell swoop. The Federal Reserve kept the federal funds rate target range unchanged between 3.5% and 3.75%, but three regional Federal Reserve presidents voted against raising interest rates by 25 basis points, reflecting growing internal support for tightening policies. It is worth noting that the market was rekindled by war in Iran. Brent once soared 8% and returned to 90 US dollars. The 30-year US bond yield soared to the highest level since June 2007.

Everbright Futures believes that with the implementation of the Federal Reserve's interest rate discussions, gold performance moderated and then rose, indicating that the focus of the market's attention is on the Fed's policy. With the probability of interest rate hikes in September picking up, even if there is a rebound during the period, it should be viewed with caution. As far as gold is concerned, the overall focus is on defending against the current environment of repetitive geological and macroeconomic uncertainty, and light observation when the market is uncertain.