On June 8, China Gold International fell 5.72% in regular trading, trading at 141.2 HKD/share, with trading volume of 88.59 million HKD.
On the news front, spot gold continued its downward trajectory, breaking below $4,450/oz, as the blockbuster U.S. May non-farm payrolls report released on June 5 showed 172,000 new jobs — more than double the 85,000 consensus estimate. The data triggered a fundamental reversal in Fed monetary policy expectations, with markets now pricing in a potential rate hike by year-end. The U.S. dollar index surged above 100 while the 10-year Treasury yield climbed nearly 6 basis points to 4.541%, creating significant headwinds for non-yielding gold assets. Gold ETFs have seen net outflows exceeding 10 billion yuan over the past month.
Within the Gold sector, stocks fell broadly. Among peers, Lingbao Gold fell 6.63%, Zijin Gold International fell 5.71%, Zhaojin Mining fell 3.52%, Zijin Mining fell 3.4%, and SD Gold fell 2.49%.
(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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