Silver Hits Historic $50 Mark as Investors Rush -3-

0212 GMT - China's gold miners stand to benefit from higher gold prices, HSBC Global Investment Research analysts say in a report. Gold prices could continue rising in the short term and into 1H 2026 due to factors such as geopolitical risks and financial-market turbulence, the analysts say. HSBC raises its average gold forecasts to $3,355/oz from $3,215/oz for 2025, to $3,950/oz from $3,125/oz for 2026 and to $3,600/oz from $2,925/oz for 2027. HSBC also raises target prices of Zijin Mining's H shares to HK$41.80 from HK$37.70, Shandong Gold Mining's A shares to CNY50.00 from CNY36.00 and Zhaojin Mining Industry's H shares to HK$37.10 from HK$23.70. It has buy ratings on all three stocks. ([e-mail])

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(END) Dow Jones Newswires

10-09-25 1221ET