Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Hong Kong–listed gold stocks surged on Monday, boosted by rising bullion prices as weak U.S. economic data strengthened expectations for a Federal Reserve interest rate cut.
The July U.S. nonfarm payroll report showed just 73,000 job gains—well below forecasts—along with significant downward revisions to previous months. The unemployment rate climbed to 4.2%, reinforcing concerns over slowing U.S. economic growth. This disappointing labor data triggered a sharp drop in Treasury yields and the U.S. dollar, increasing demand for safe-haven assets such as gold.
Spot gold prices soared more than 2% on Friday, topping $3,360 per ounce, before easing slightly on Monday due to profit-taking. Despite the pullback, gold’s strong rally underscored its appeal as a hedge against economic uncertainty.
Hong Kong’s gold mining stocks benefited directly from the rally. Lingbao Gold (HK:3330) jumped over 7% by 03:54 GMT, while Chifeng Jilong Gold Mining (HK:6693) surged more than 9%. Shandong Gold Mining (HK:1787) advanced nearly 10%, marking one of the sector’s best performances of the day. Zijin Mining (HK:2899), China’s largest gold producer, climbed over 2%, and Tongguan Gold Group Ltd (HK:0340) gained 4.4%.
While gold shares surged, Hong Kong’s broader Hang Seng Index traded only 0.5% higher, highlighting the sector-specific boost from precious metal gains. Investors are closely watching upcoming U.S. economic data and Fed commentary for further clues on monetary policy direction.
With market sentiment increasingly favoring safe-haven investments, analysts say gold prices could remain elevated if economic growth fears persist. A potential Fed rate cut later this year may further support bullion demand and keep Hong Kong–listed gold stocks in focus for investors seeking defensive plays.
