On August 17, SD GOLD rose 3.27% in regular trading, trading at HKD 22.04/share, with turnover of HKD 24.84 million. The stock gained alongside a broad rally in the gold mining sector as international gold prices stabilized and rebounded following a technical correction from the recent high near USD 4,450/oz.
On the news front, Deutsche Bank noted that gold remains in its fifth \"explosive\" rally phase since 2024, driven by record central bank purchases — with roughly half of demand unreported to the IMF — and renewed global ETF inflows, particularly from Asian buyers. The bank set a year-end gold target range of USD 4,700-5,100/oz, citing sustained U.S. government debt expansion and low futures positioning as indicators of further upside. Additionally, the Bank of Korea disclosed its first gold-related investment in 13 years, acquiring approximately USD 250 million in SPDR Gold Trust shares in Q2, reinforcing the global central bank purchasing trend.
Within the Gold sector, the broader group rallied in tandem. Among individual stocks, ZIJIN GOLD INTL up 4.31%, CHINAGOLDINTL up 3.63%, ZHAOJIN MINING up 3.26%, LINGBAO GOLD up 3.17%, CHIFENG GOLD up 2.92%.
(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.)
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