Movement Alert|Zijin Mining Falls 3.43% in Regular Trading, Gold Sector Extends Weakness as Bullion Prices Remain Under Pressure

Market Focus06-22

On June 22, Zijin Mining declined 3.43% in regular trading, trading at HKD 30.6/share, with turnover of HKD 340 million.

On the news front, spot gold prices had previously fallen to a six-month low, with a stronger US dollar and rising US Treasury yields continuing to suppress the valuation of non-yielding gold assets. Compounding the pressure, expectations of further Federal Reserve rate hikes have intensified, keeping the gold sector under sustained selling pressure.

Within the Gold sector, the overall industry exhibited broad-based weakness. Among individual stocks, Lingbao Gold fell 7.09%, SD Gold fell 5.31%, Zhaojin Mining fell 5.06%, China Gold International fell 4.97%, and Zijin Gold International fell 3.1%, reflecting a sector-wide decline pattern.

(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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