The Zhitong Finance App learned that gold stocks fell collectively. As of press release, China Gold International (02099) fell 3.88% to HK$176.1; Zijin Mining (02899) fell 3.04% to HK$29.36; Shandong Gold (01787) rose 0.60% to HK$18.31; and Chifeng Gold (06693) rose 0.06% to HK$32.78.

According to the news, the latest World Bank report shows that gold and silver prices are expected to remain at historic highs around 2027, but investors should not expect the explosive rise and sharp fluctuations in 2026 to be repeated. The forecast predicts that the average price of gold will reach 4,600 US dollars/ounce this year, up 33.6% from 2025; then fall 7.6% to 4,250 US dollars/ounce in 2027, then drop 5.9% to 4,000 US dollars/ounce in 2028. The above judgment is slightly lower than the forecast for April this year.

Citigroup, on the other hand, said that the outlook for gold prices is highly dependent on geopolitical evolution in the Middle East. If the situation in the Middle East eases, the price of gold is expected to hit 4,500 US dollars within 3 months and hit 5,000 US dollars in 12 months; if the conflict freezes, there is a risk that it will fall back to 3,500 US dollars. The resilience of ETF holdings supports the central bank's share of gold reserves, which hit a 30-year high, but once the $12 trillion book surplus triggers a rebalanced sell-off, the price of gold may fluctuate sharply “Bitcoin-like”.

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