Movement Alert|Zhaojin Mining Falls 3.06% in Regular Trading, Gold Sector Broadly Weak Amid Persistent Pressure From Fed Rate Hike Expectations

Market Focus09:41

On July 17, Zhaojin Mining fell 3.06% in regular trading, trading at HK$17.80/share, with turnover of HK$15.224 million.

On the news front, the gold sector continued to face systematic selling pressure as spot gold remained below the psychological $4,000/oz level, with market expectations for a Fed rate hike in July continuing to weigh on precious metals. The stock had rebounded 3.15% on July 16 following a cumulative decline of over 9% across three prior sessions, but failed to sustain upward momentum.

Within the Gold sector, stocks declined broadly. Among individual names, Chifeng Gold fell 5.21%, Zijin Gold International fell 4.69%, China Gold International fell 3.68%, Lingbao Gold fell 3.09%, and Zijin Mining fell 2.01%.

(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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