Movement Alert｜SD GOLD Falls 3.21% in Regular Trading, Fed Hawkish Rate Hike Continues to Weigh on Gold Sector

On September 22, SD GOLD (01787.HK) fell 3.21% in regular trading, trading at HKD 21.74/share, with turnover of HKD 317 million, extending the sell-off that has gripped the precious metals sector since the Federal Reserve's latest policy decision.

On the news front, the Fed announced a 25-basis-point rate hike on September 17, lifting the federal funds rate to 3.75%-4.00% — the first increase in over three years. The accompanying dot plot signaled a possible additional hike before year-end, reinforcing a hawkish outlook. The U.S. dollar index reclaimed the 100 level, while 10-year Treasury yields remained elevated. The rising real rate environment continued to suppress gold, with spot gold falling to approximately USD 4,242/oz. Although gold staged a brief rebound immediately after the decision, persistent expectations that the tightening cycle is far from over have kept the sector under sustained pressure.

The broader gold sector declined in tandem. Among peers, Zijin Gold International fell 4.91%, Lingbao Gold dropped 5.68%, China Gold International declined 2.73%, Zhaojin Mining lost 3.02%, and Chifeng Gold slipped 1.21%. SD GOLD's A-shares also retreated 5.48% last week, with the stock dropping from 34.67 yuan to 32.77 yuan.

(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.)