Gold stocks broadly declined across the Hong Kong market. As of press time, Lingbao Gold (03330) fell 4% to HK$11.03; Chifeng Gold (06693) dropped 2.82% to HK$24.1; SD Gold (01787) declined 2.79% to HK$26.46; China Gold International (02099) fell 2.52% to HK$79.25; and Zijin Mining (02899) dropped 2.13% to HK$22.98.

On the news front, markets are awaiting Federal Reserve Chair Powell's public remarks later this week while monitoring potential easing of Eastern European geopolitical tensions. The US dollar index posted modest gains, putting pressure on gold prices, with international gold prices declining slightly on Monday.

CITIC Futures noted that looking ahead, gold's trajectory will primarily depend on Federal Reserve policy direction and geopolitical developments. Should the Fed signal stronger rate cut intentions or geopolitical conflict risks intensify, gold prices could continue their rebound. Conversely, if robust economic data suppresses rate cut expectations or geopolitical tensions ease, gold may face downward pressure.

Investors should closely monitor this week's FOMC meeting minutes and Powell's speech at Jackson Hole.