Changes in Hong Kong stocks | Gold stocks generally rose, Zijin Mining (02899) rose nearly 4%, and the Federal Reserve cut interest rates by 25 basis points as scheduled

The Zhitong Finance App learned that gold stocks generally rose. As of press release, Zijin Mining (02899) rose 3.94% to HK$34.26; Tongguan Gold (00340) rose 2.84% to HK$2.9; and Shandong Gold (01787) rose 1.58% to HK$33.52.

According to the news, the Federal Reserve's Monetary Policy Committee announced after the FOMC meeting that interest rates would be cut by 25 basis points to lower the federal funds rate target range to 3.50% to 3.75%. This is the third time in the year since the Federal Reserve cut interest rates on September 17 and October 29, all by 25 basis points. CITIC Futures believes that the wording of the interest rate meeting is biased, and gold and silver are expected to fluctuate upward. Furthermore, Goldman Sachs said that the gold price forecast of 4,900 US dollars per ounce at the end of 2026 has a lot of room for improvement. The company stated that “many investors have recently called for an increase in the allocation of gold,” and emphasized that a shift in diversification trends may enhance the appeal of gold.