The U.S. Treasury auctioned $22 billion in 30-year Treasury bonds, with a high yield of 5.618%, the highest since August 2000; the bid-to-cover ratio was 2.54, above recent averages. Indirect bidders were allocated 72.3%, a record high, while dealers' allocation dropped to 6.8%, indicating continued investor demand. Strong market demand pushed long-term yields lower, with U.S. 10-year yield falling to around 5.22%; 30-year yield at around 5.61%.
Additionally, U.S. President Trump said Thursday (8th) that the U.S. would not launch a military attack on Iran before the November 3 midterm elections, and stated that Washington was having "productive" talks with Tehran. According to Iranian media, Iran's foreign minister said negotiations with the U.S. continue and will respond to the U.S. proposal within days.
Falling interest rates and inflation expectations boosted gold prices. The current spot gold price is at $4,177.18 per ounce, up 1.05%. Gold futures are at $4,195.07 per ounce, up 0.92%.
Currently, the Hang Seng Index is at 24,101, up 315 points or 1.3%, with main board turnover exceeding HK$81.3 billion. The Hang Seng China Enterprises Index is at 8,109, up 98 points or 1.2%. The Hang Seng Tech Index is at 4,144, up 71 points or 1.8%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Zhaojin Mining (01818) | 17.7 | Up 3.39% |
| Zijin (02899) | 32.26 | Up 3.13% |
| Shandong Gold (01787) | 19.08 | Up 3.58% |
| China Gold International (02099) | 215.4 | Up 2.57% |
| Lingbao Gold (03330) | 18.39 | Down 0.22% |
| Chifeng Gold (06693) | 35.12 | Up 3.66% |
| SPDR Gold (02840) | 3006 | Up 1.52% |
| Hang Seng Gold ETF (03170) | 13.19 | Up 0.84% |
| FL Two South Gold (07299) | 21.54 | Up 2.28% |
| Value Gold (03081) | 19.7 | Up 1.23% |
