Shares of gold miners listed in Hong Kong rallied on August 28, fueled by a sharp rebound in precious metals prices. CHINAGOLDINTL led the gains, surging more than 7% during the trading session.
Other notable performers included Wilshire wShares Enhanced Gold Trust, which saw a modest uptick, while several other gold-focused equities advanced by nearly 4%. The sector was broadly supported by a renewed bid in the underlying commodities, with spot gold reclaiming the $4,600 mark and silver breaking past $70 to hit its highest level since June 17.
The move higher in bullion came as traders reassessed market conditions, driving a fresh wave of buying interest across gold-related assets. The strength in both metals underscored a continued appetite for safe-haven plays, with the rebound in gold prices providing a clear tailwind for mining stocks on the Hong Kong exchange.
As the session progressed, the upbeat sentiment in the precious metals complex remained intact, with investors closely monitoring whether gold can sustain its momentum above the key psychological level.
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