HK Stock Market Move | Golden stocks rebounded this morning, geopolitical uncertainties persist, and the price of gold is approaching the $5000 mark.

Golden stocks rebounded this morning. As of the time of writing, Chifeng Jilong Gold Mining (06693) rose by 7.1% to 39.54 Hong Kong dollars; CHINAGOLDINTL (02099) rose by 5.08% to 215 Hong Kong dollars; ZIJIN GOLD INTL (02259) rose by 4.74% to 198.8 Hong Kong dollars; Shandong Gold Mining (01787) rose by 3.69% to 47.12 Hong Kong dollars; WANGUO GOLD GP (03939) rose by 2.78% to 13.67 Hong Kong dollars. On the news front, on January 23, spot gold broke through $4960 per ounce, hitting a new historical high. On January 22, local time, US President Trump stated that the Greenland agreement currently being negotiated would give the US "all the military access it wants". He also stated that the US would not pay any fees to acquire Greenland. Trump also threatened that if European countries sell off US assets due to tariff threats related to Greenland, the US would retaliate strongly. In its latest research report, Goldman Sachs mentioned that it has raised its gold target price for December 2026 from the previous $4900 per ounce to $5400 per ounce. Goldman Sachs stated that the core logic for this adjustment is that private sector diversification into gold as a hedge against global macro and policy uncertainty is paying off, and related "hedging positions" may remain stable in 2026.