According to Zhitong Finance APP, GT GOLD (08299) shares moved higher, rising 5.47% to HK$0.212 as of press time, with a turnover of HK$6.1783 million.
On the news front, US-Iran diplomatic mediation drove overnight oil prices sharply lower, easing market concerns about energy inflation and further Federal Reserve rate hikes, while spot gold rebounded to around US$3,950.
Institutions currently believe that the structural logic supporting gold prices has not changed, central banks around the world continue to purchase gold, and the de-dollarization trend has not reversed. Goldman Sachs research team maintains its end-2027 gold price target of US$5,400 unchanged.
It is worth noting that the company's own internal growth momentum is strong. The technical renovation of Taizhou Mining has entered its final stage, with the new 1,000-ton-per-day ore processing plant scheduled for completion before the end of this year. The acquisition of the Ningshan Gold Mine was officially completed on June 29, and the two processing plants have a combined designed capacity of 1,500 tons per day, with potential capacity reaching 2,000 tons per day.
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