Movement Alert|Chifeng Gold Falls 5.12% in Regular Trading, Gold Price Breaks Below $4100 as Investment Banks Collectively Slash Forecasts

Market Focus06-25 09:49

On June 25, Chifeng Gold fell 5.12% in regular trading, trading at HK$23.32/share, with turnover of HK$38.43 million.

On the news front, spot gold continued its decline to around $4,068/oz, breaching the $4,100 level as bearish momentum intensified. Multiple Wall Street investment banks collectively downgraded their gold price forecasts: Goldman Sachs lowered its year-end target to $4,900/oz, while Deutsche Bank projected an extreme scenario of $3,800/oz. The Fed's hawkish stance remains dominant, with nine officials indicating at least one rate hike this year and December hike probability surging to 83%, pushing the US dollar index to a 13-month high above 101.6.

The gold sector suffered broad-based losses, with Zhaojin Mining down 7.35%, Lingbao Gold down 7.15%, SD Gold down 6.63%, Zijin Gold International down 6.15%, and Zijin Mining down 6.05%.

(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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