Changes in Hong Kong stocks | Gold stocks rose in the afternoon, and interest rate cuts are expected to continue, and gold is expected to continue to receive macro-level support

The Zhitong Finance App learned that gold stocks rose in the afternoon. As of press release, Chifeng Gold (06693) rose 3.83% to HK$31.46; Shandong Gold (01787) rose 3.48% to HK$3.49; Lingbao Gold (03330) rose 2.9% to HK$18.08; and Zijin Mining (02899) rose 2.73% to HK$33.94.

According to the news, interest rates were cut by 25 bps as scheduled at the December meeting of the Federal Reserve, but there were major differences within the Federal Reserve over the pace of subsequent interest rate cuts. There were three votes against the current interest rate decision. Federal Reserve Governor Milan believes that interest rates should be cut by 50 bps, and the two local Federal Reserve presidents insisted not to cut interest rates. According to the latest research report from Damascus, interest rate cuts are expected to continue, and the US dollar index will weaken again. Damo believes that gold is expected to continue to receive macro-level support, and the price of gold may reach 4,800 US dollars per ounce by the fourth quarter of 2026.

The Huaan Fund believes that looking ahead to the future market, the Federal Reserve is still in a major cycle of interest rate cuts. If a dovish chairman is elected, the pace of the Fed's interest rate cuts may be more aggressive, which is expected to benefit gold. In addition to monetary easing, the US is also in the fiscal easing phase. Credit risk continues under pressure to repay US debt and interest payments, and central banks around the world continue to buy gold to diversify foreign exchange reserves. Under the trend of monetary and fiscal easing, we are still optimistic about the medium - to long-term allocation value of gold.