Hong Kong Stock Movements | Gold Stocks Decline Once More as Middle East Geopolitical Situation Remains Volatile, Spot Gold Briefly Fell Below $4,500 This Morning

LootboxPhobia · 2026-03-26T04:24:03+00:00

Gold stocks have declined again recently, with Everest Gold dropping 7.2%. Spot gold briefly fell below $4,500, affected by Middle East tensions as related military conflicts continue. Analysts believe that precious metals prices need to wait for easing geopolitical conflicts to rebound, but risks remain, and gold prices may exhibit volatile trading patterns.

LootboxPhobia

2026-03-26 04:24:03

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CITIC Finance APP reports that gold stocks are declining again. As of the time of writing, Zhufeng Gold (01815) fell 7.2% to HKD 1.16; China Silver Group (00815) dropped 5.21% to HKD 0.455; Zijin Gold International (02259) decreased 4.39% to HKD 174.3; Shandong Gold (01787) declined 4.26% to HKD 30.98; Zijin Mining (02899) fell 3.14% to HKD 34.5.

On the news front, on March 26, spot gold briefly fell below $4,500 and has since rebounded. The Middle East situation remains volatile. On March 26, the US, Israel, and Iran entered their 27th day of military conflict. Iranian state media reported that Iran refused the US peace plan. Parties continue to launch military offensives. Additionally, sources from the Iranian military stated that if the enemy attempts ground operations on Iranian islands or mainland, or pressures Iran through naval actions in the Persian Gulf and Gulf of Oman, Iran will open a new front in the Strait of Mand.

Huatai Futures believes that the main catalyst for the rebound in precious metal prices is the easing of liquidity concerns brought by the easing of geopolitical conflicts, leading to a significant recovery in market risk appetite. However, geopolitical risks still exist, and the US does not seem to have full control over a ceasefire at any moment. If the US and Iran cannot reach an agreement on ceasefire conditions, an escalation of conflict cannot be ruled out. Strategically, it is not advisable to fully shift to trading on the end of the conflict in the short term. Therefore, it is expected that gold prices will mainly fluctuate in the near term.

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