On July 30, CHINAGOLDINTL rose 3.69% in regular trading, trading at 181.3 HKD/share, with turnover of 21.13 million HKD. The gold sector demonstrated strong linkage, with ZIJIN GOLD INTL up 4.25%, CHIFENG GOLD up 3.58%, LINGBAO GOLD up 3.27%, and SD GOLD up 2.41%.
On the news front, institutions noted that after gold prices corrected over 20% from highs, downside risk has narrowed significantly. Global central banks have increased gold holdings for 20 consecutive months, providing structural support that underscores gold's long-term allocation value. Zhongtai Securities pointed out that mining gold companies' valuations now offer attractive risk-reward ratios, positioned to benefit from price elasticity as gold prices recover upward.
CHINAGOLDINTL operates two mines in China: the CSH gold mine in Inner Mongolia and the Jiama copper-gold polymetallic mine in Tibet. The company recently reported that Jiama's proven mineral resources increased to 623 million tonnes, representing a 523% increase, strengthening its long-term resource base.
(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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