Stock Track | Chifeng Gold Plummets 14.98% Intraday as Gold Prices Retreat from Record Highs

Stock Track01-30

Chifeng Gold's stock plunged 14.98% during intraday trading on Friday, reflecting a broad selloff in gold mining shares.

The sharp decline came as spot gold prices fell 3.65% to $5,180.31 per ounce after scaling a record high of $5,594.82 the previous day. The pullback in bullion prices triggered selling pressure across gold-related stocks in the Hong Kong market.

Other gold miners including GT Gold, Zijin Gold, Dragon Mining, Tongguan Gold, and SD Gold also experienced significant declines during the session, indicating sector-wide weakness driven by the retreat in underlying commodity prices.

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