Hong Kong-listed gold mining stocks staged a sharp rebound against a weaker broader market on August 24, with EVEREST GOLD surging more than 9%, while 招金矿业 advanced over 7%, 潼关黄金 climbed more than 6%, and 灵宝黄金 gained over 4%.

The rally was fueled by spot gold breaking above the $4,650 mark, reaching a fresh three-month high with an intraday gain of more than 1%. The precious metal's sustained upward momentum has reignited investor appetite for gold-related equities, particularly in the Hong Kong market where miners are seen as leveraged plays on bullion prices.

Market participants are closely monitoring whether gold can maintain its upward trajectory, as geopolitical uncertainties and expectations of looser monetary policy continue to underpin demand for the safe-haven asset. The latest price action suggests that bullish sentiment toward the yellow metal remains firmly intact, with the breakthrough of key resistance levels likely to attract further buying interest in the sector.