On August 11, LAOPU GOLD rose 3.34% in regular trading, trading at 409.2 HKD/share with turnover of HKD 215 million, extending strength from the previous session's 11% rally.

On the news front, gold prices surged nearly $300 in a single week after breaking out of a two-month consolidation range, driven by consecutively weak U.S. labor data, marking the best weekly performance since January. Spot gold broke above $4,420/oz. UBS noted that declining U.S. Treasury yields, a weakening U.S. dollar in the medium term, and sustained central bank gold purchases will propel gold to $5,000 in the first half of next year. China's central bank added 640,000 ounces of gold in July, its 21st consecutive month of purchases with an accelerating pace compared to June's 480,000 ounces. Additionally, Morgan Stanley indicated that some LAOPU GOLD stores have seen queues returning in early August, suggesting second-half peak season catalysts are emerging. Domestic gold jewelry prices have returned above RMB 1,300/gram, supporting sentiment across the gold jewelry sector.

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