Movement Alert|SD GOLD Falls 3.18% in Regular Trading, Gold Sector Under Sustained Pressure as Hawkish Rate Expectations Weigh on Prices

Market Focus09:46

On September 10, SD GOLD fell 3.18% in regular trading, trading at 25.02 HKD/share, with turnover of approximately 55.28 million HKD. The decline came amid continued weakness across the gold sector following a hawkish shift in U.S. monetary policy expectations.

The gold sector extended its recent downturn after strong August non-farm payroll data — with 162,000 jobs added versus expectations — prompted markets to sharply raise the probability of a Fed rate hike in September. Hawkish remarks from Fed officials further catalyzed a gold price plunge below the $4,500/oz level, and spot gold remained under pressure near $4,405/oz. Within the gold sector, peers Lingbao Gold fell 3.15%, Zhaojin Mining fell 2.0%, China Gold International fell 1.3%, and Chifeng Gold fell 1.16%, reflecting broadly depressed sentiment.

On the fundamental side, SD GOLD reported H1 attributable net profit of 3.543 billion yuan, up 26.17% year-on-year, with adjusted net profit reaching 4.072 billion yuan, up 45.01%. However, short-term gold price volatility continues to dominate sector price action, overshadowing the company's solid earnings performance.

(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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