Movement Alert|ZHAOJIN MINING Rises 3.4% in Regular Trading, Gold Sector Rallies as Spot Gold Rebounds Above $4100

Market Focus08-05 10:02

On August 5, ZHAOJIN MINING rose 3.4% in regular trading, trading at HK$21.96/share, with turnover of HK$33.83 million.

On the news front, the gold sector collectively strengthened as international gold prices extended their upward momentum. Spot gold stabilized near $4,075 and rebounded sharply, briefly touching $4,106 intraday, with technical indicators showing a bullish setup. Among sector peers, China Gold International rose 8.54%, Lingbao Gold gained 8.0%, Chifeng Gold advanced 5.7%, Zijin Gold International climbed 5.38%, and Zijin Mining added 3.81%, demonstrating strong sector-wide linkage.

Additionally, global central banks continue to accumulate gold reserves, with the People's Bank of China having increased its holdings for 20 consecutive months, reaching 75.44 million ounces by end of June. This structural buying provides ongoing floor support for gold prices, underpinning sentiment across the gold mining sector.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment