The U.S. Treasury auctioned $22 billion in 30-year Treasury bonds, with a winning yield of 5.618%, the highest since August 2000; the bid-to-cover ratio was 2.54 times, above recent averages. Indirect bidders were allocated 72.3%, a record high, while dealers' allocation dropped to 6.8%, indicating continued investor demand. Stable market demand drove long-term yields lower, with U.S. 10-year yield falling to around 5.22%; the 30-year yield reported around 5.61%.
Additionally, U.S. President Trump said on Thursday (8th) that the U.S. would not launch a military attack on Iran before the November 3 midterm elections, and stated that Washington is holding "productive" talks with Tehran. According to Iranian media reports, Iran's foreign minister said negotiations with the U.S. continue and will respond to the U.S. proposal within days.
Declining interest rates and inflation expectations boosted gold prices. The current spot gold price is $4177.18 per ounce, up 1.05%. Gold futures are at $4195.07 per ounce, up 0.92%.
Currently, the Hang Seng Index stands at 24101, up 315 points or 1.3%, with main board turnover exceeding HK$81.3 billion. The Hang Seng China Enterprises Index is at 8109, up 98 points or 1.2%. The Hang Seng Tech Index is at 4144, up 71 points or 1.8%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Zhaojin Mining (01818) | 17.7 | Up 3.39% |
| Zijin Mining (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 Southern Gold (07299) | 21.54 | Up 2.28% |
| Value Gold (03081) | 19.7 | Up 1.23% |
