Movement Alert|WANGUO GOLD GP Falls 3.16% in Regular Trading, Fed Hawkish Signals Continue to Weigh on Gold Sector

Market Focus09-24

On September 24, WANGUO GOLD GP fell 3.16% in regular trading, trading at HK$13.77 per share, with turnover of approximately HK$17.28 million, extending a multi-day pullback in the precious metals sector.

On the news front, following the Fed's 25-basis-point rate hike in September, multiple officials continued to deliver hawkish signals. Minneapolis Fed President Kashkari stated that inflation remains too high across \"all dimensions\" of the U.S. economy, prompting Goldman Sachs to raise its rate path forecast, now expecting another 25bp hike in October. Energy-driven inflation has pushed U.S. Treasury yields higher, pressuring gold at elevated levels, with COMEX gold previously falling 1.95% in a single week, driving a systematic pullback across the precious metals sector. WANGUO GOLD GP, having doubled since early July, faces ongoing profit-taking pressure.

Within the Diversified Metals and Mining sector, broader weakness persists. Among peers, ZIJIN MINING down 1.91%, CMOC down 3.19%, MMG down 2.03%, LYGEND RESOURCE up 1.26%, JIAXIN INTL RES down 1.77%.

(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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