On July 14, China Gold International fell 3.01% in regular trading, trading at 137.8 HKD/share, with turnover of approximately 15.96 million HKD.
On the news front, the gold sector came under significant selling pressure after US Treasury yields surged sharply. The 2-year US Treasury yield rose to 4.28%, hitting the highest level since early 2025, while the 10-year yield climbed to 4.62%. The spike was driven by escalating US-Iran tensions pushing oil prices higher, reigniting inflation fears and prompting markets to nearly fully price in a Fed rate hike in September — up from 66% probability just one week prior. Spot gold plunged approximately $118 on July 13, breaking below the $4,000/oz level to close at $4,000.98, as the prospect of higher real yields made non-yielding gold less attractive.
Within the Gold sector, the decline was broad-based. Among peers, Zijin Gold International fell 3.64%, Shandong Gold fell 3.25%, Chifeng Gold fell 3.46%, and Zijin Mining fell 2.03%, reflecting pronounced sector-wide linkage effects.
(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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