Movement Alert|China Gold International Rises 3.21% in Regular Trading, Gold Sector Rebounds as PBOC Extends Gold Buying Streak to 20 Months

Market Focus07-10

On July 10, China Gold International rose 3.21% in regular trading, trading at 141.7 HKD/share, with turnover of 127 million HKD.

On the news front, international gold prices stabilized after a failed attempt to break above the $4,200 level, triggering a technical rebound across the gold sector. Meanwhile, the People's Bank of China increased its gold reserves for the 20th consecutive month, with holdings reaching 75.44 million ounces at end of June, up 480,000 ounces month-over-month, providing structural support for gold prices.

Additionally, the company previously announced that the Jiama copper-gold polymetallic mine's proven mineral resources increased from 100 million tonnes to 623 million tonnes, representing a 523% expansion, with an average grade of 0.69% Cu or 1.12% CuEq, reinforcing fundamental upside. Within the Gold sector, Lingbao Gold rose 10.08%, Chifeng Gold rose 5.88%, SD Gold rose 4.09%, Zijin Mining rose 3.13%, and Zijin Gold International rose 2.41%.

(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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