Movement Alert｜Shandong Gold Falls 3.18% at Open, Gold Prices Slide Below 4300 USD as Strong Non-Farm Data Fuels Rate Hike Expectations

Market Focus06-10

On June 10, Shandong Gold fell 3.18% at open, trading at 21.34 HKD per share, with trading volume of 437,500 HKD.

On the news front, international gold prices continued their correction, with spot gold briefly falling below 4,300 USD/oz. The U.S. May non-farm payrolls surged by 172,000, nearly double the market expectation of 88,000, significantly exceeding April's 115,000 figure. Following the data release, Goldman Sachs economists no longer expect the Federal Reserve to cut rates this year, pushing rate cut forecasts out to mid-2027. The sharp repricing of monetary policy expectations weighed heavily on gold prices and the broader precious metals sector.

Additionally, the company previously announced that its wholly-owned subsidiary Shanjin Capital intends to transfer a 14.13% stake in Donghai Securities and will recognize approximately 705 million yuan in fair value losses on its full 18.71% holding, directly reducing current-period profit.

Within the Gold sector, peers also declined broadly, with Chifeng Gold down 4.95%, Zijin Gold International down 3.78%, Zhaojin Mining down 3.55%, China Gold International down 2.56%, and Zijin Mining down 1.83%.

(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.

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The U.S. May non-farm payrolls surged by 172,000, nearly double the market expectation of 88,000, significantly exceeding April's 115,000 figure. Following the data release, Goldman Sachs economists no longer expect the Federal Reserve to cut rates this year, pushing rate cut forecasts out to mid-2027. 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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01787","symbol_name":"山东黄金","start_time":0,"source_url":"","article_id":"1107246682","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107246682","pubTimestamp":1781054564,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 10, Shandong Gold fell 3.18% at open, trading at 21.34 HKD per share, with trading volume of 437,500 HKD.On the news front, international gold prices continued their correction, with spot...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01787":"山东黄金"},"translate_title":"动向提示|山东黄金开盘跌3.18%金价滑破4300美元强劲非农数据助长加息预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01787":1},"content_text":"On June 10, Shandong Gold fell 3.18% at open, trading at 21.34 HKD per share, with trading volume of 437,500 HKD.On the news front, international gold prices continued their correction, with spot gold briefly falling below 4,300 USD/oz. 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