Gold Stocks Show Weakness as Precious Metals Plunge Following Trump's Remarks

Stock News04-02

Gold-related stocks displayed a weak performance in Hong Kong trading. At the time of writing, EVEREST GOLD (01815) fell 5.61% to HK$1.01. CHIFENG GOLD (06693) dropped 3.75% to HK$42.58. LINGBAO GOLD (03330) declined 3.16% to HK$27.6. CHINAGOLDINTL (02099) decreased 2.76% to HK$158.3. The movement follows a sharp drop in gold and silver prices after U.S. President Donald Trump delivered a national address on Iran earlier in the day. Spot gold continued to trend lower, briefly falling below $4,650 per ounce, with losses widening to 2%. According to reports, senior technical analyst and ElliottWaveTrader founder Avi Gilburt stated in a recent interview that he sees two distinct technical scenarios that could ultimately push gold prices below $4,000 per ounce, potentially nearing $3,800. On April 1, President Trump declared a "swift, decisive, and overwhelming victory" regarding military actions against Iran. Trump indicated that stronger strikes against Iran would follow in the coming weeks. Should an agreement fail to be reached, the U.S. would launch heavy strikes on all of Iran's power plants. Additionally, the U.S. is conducting intensive satellite surveillance and control over these facilities. Any unusual activity detected would prompt immediate missile launches, delivering what was described as "devastating" strikes.

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At the time of writing, EVEREST GOLD (01815) fell 5.61% to HK$1.01. CHIFENG GOLD (06693) dropped 3.75% to HK$42.58. LINGBAO GOLD (03330) declined 3.16% to HK$27.6. CHINAGOLDINTL (02099) decreased 2.76% to HK$158.3. The movement follows a sharp drop in gold and silver prices after U.S. President Donald Trump delivered a national address on Iran earlier in the day. Spot gold continued to trend lower, briefly falling below $4,650 per ounce, with losses widening to 2%. According to reports, senior technical analyst and ElliottWaveTrader founder Avi Gilburt stated in a recent interview that he sees two distinct technical scenarios that could ultimately push gold prices below $4,000 per ounce, potentially nearing $3,800. On April 1, President Trump declared a \"swift, decisive, and overwhelming victory\" regarding military actions against Iran. Trump indicated that stronger strikes against Iran would follow in the coming weeks. 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Any unusual activity detected would prompt immediate missile launches, delivering what was described as \"devastating\" strikes.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_GC","symbol_name":"黄金","start_time":0,"source_url":"","article_id":"1121401233","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121401233","pubTimestamp":1775098226,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Gold-related stocks displayed a weak performance in Hong Kong trading. At the time of writing, EVEREST GOLD (01815) fell 5.61% to HK$1.01. CHIFENG GOLD (06693) dropped 3.75% to HK$42.58. 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