HK-listed gold stocks jump as US economic fears boost bullion prices

Mon Aug 04 2025

Hong Kong–listed gold stocks rose sharply on Monday as U.S. economic growth fears following weak jobs data bolstered bets for a Federal Reserve rate cut and lifted bullion prices.

A disappointing July U.S. nonfarm payroll report showed gains of just 73,000 and material downward revisions to prior months, while the unemployment rate rose to 4.2%. This rekindled expectations for imminent Fed easing and caused a sharp drop in Treasury yields and the U.S. dollar.

Spot Gold surged more than 2% on Friday, reaching above $3,360 per ounce. Though the metal eased slightly on Monday due to profit-taking, its prior rally reinforced its safe-haven allure.

Gold producers listed in Hong Kong benefited from the rally. Lingbao Gold (HK:3330) shares jumped more than 7% as of 03:54 GMT.

Chifeng Jilong Gold Mining (HK:6693) shares surged over 9%, while Shandong Gold (SS:600547) Mining (HK:1787) stock surged nearly 10%.

Zijin Mining (HK:2899) shares rose more than 2%, while Tongguan Gold Group Ltd (HK:0340) gained 4.4%.

Hong Kong’s broader benchmark index Hang Seng was only trading 0.5% higher.

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Source: https://in.investing.com/