Movement Alert|China Gold International Rises 3.3% in Regular Trading, Gold Price Stabilizes Above $4000 as Sector Extends Recovery Rally

Market Focus07-22

On July 22, China Gold International rose 3.3% in regular trading, trading at 163.3 HKD/share, with turnover of approximately 55.80 million HKD.

On the news front, international gold prices stabilized above the $4,000 psychological level, with spot gold trading near $4,014. After a prior period of overselling, gold successfully held this key support, fueling a continued recovery rally across the sector. The People's Bank of China increased gold reserves for the 20th consecutive month, reaching 75.44 million ounces by end of June, with Q2 purchases running at 4.6 times the Q1 pace, providing structural demand support.

Within the Gold sector, gains were broad-based. Among peers, Chifeng Gold rose 8.14%, Lingbao Gold gained 6.42%, Zijin Gold International advanced 5.08%, Zijin Mining climbed 3.74%, and Zhaojin Mining added 2.55%. Additionally, the company recently announced that proven mineral resources at its Jiama copper-gold polymetallic mine increased to 623 million tonnes, representing a 523% expansion, reinforcing its fundamental outlook.

(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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