On July 15, China Gold International fell 3.03% in regular trading, trading at HK$144.1/share, with turnover of HK$151 million. The gold sector continued its weak trend as surging US Treasury yields and intensifying Fed rate hike expectations pressured international gold prices.
On the macro front, gold prices plunged approximately $118 in the prior session, narrowly holding the $4,000/oz psychological level. The 10-year US Treasury yield hit new highs, with swap markets nearly fully pricing in a September rate hike. A Fed governor signaled that if upcoming CPI data confirms persistent core inflation, the FOMC could consider raising rates at its late-July meeting. The US-Iran geopolitical escalation drove oil prices higher, reinforcing inflation concerns and further cementing hawkish monetary policy expectations rather than triggering traditional safe-haven demand for gold.
Within the Gold sector, stocks declined broadly. Among peers, Zijin Mining fell 0.85%, Zijin Gold International fell 2.91%, Lingbao Gold fell 3.1%, Shandong Gold fell 2.5%, and Zhaojin Mining fell 2.53%. Multiple institutions have recently lowered short-term gold price targets amid the prevailing headwinds.
(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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