Hong Kong stock concept tracking | European investors urgently withdraw from US gold reserves Institutions remain bullish on gold in the later period (with concept stocks)

Gold fell in early trading in Asia as investors may be closing out long positions to raise cash. Stephane Boujnah, CEO of Euronext, said that the trade policies of the Trump administration have made some European investors very uneasy, leading them to start moving gold out of the U.S. "We are witnessing the market trying to adapt to a completely different America," Boujnah said in an interview with France Inter radio on Tuesday. "A very new factor is that we see European investors moving physical assets like gold from the U.S. to Europe." "The business world is scared," Boujnah said in the interview. "We are in a period mourning the past America, because now it looks more like a new born country." Carsten Fritsch of the Commerzbank research department said in a report, "This may sound strange, but in times of heightened risk aversion, this has happened several times, as market participants have to sell gold positions to cover losses elsewhere." However, the commodities analyst also said that the recent increase in market expectations for a Fed interest rate cut suggests that gold prices may rise again soon. He pointed out that federal funds rate futures imply a 100 basis point cut by the end of the year. Zhongtai released a research report stating that in the short term, it is better to embrace safe assets such as U.S. bonds and gold, and not rush to bargain-hunt for risky assets. A research report from CITIC SEC indicated that based on its gold price analysis framework, they are positive about the price of gold in 2025. The behavior of global central banks buying gold is expected to continue, and the declaration effect of central banks buying gold may become more pronounced. Gold and precious metals related Hong Kong stocks: Zijin Mining Group (02899), Shandong Gold Mining (01787), ZHAOJIN MINING (01818), LINGBAO GOLD (03330), CHINAGOLDINTL (02099), WANGUO GOLD GP (03939), LAOPU GOLD (06181), TONGGUAN GOLD (00340), Chifeng Jilong Gold Mining (06693), etc.