Movement Alert｜SD GOLD Falls 3.04% in Regular Trading, Hawkish Fed Signals and Stake Reduction Continue to Weigh

Market Focus10-14

On October 14, SD GOLD fell 3.04% in Regular Trading, trading at HK$18.5, with turnover of HK$12.43 million.

The move came as the gold sector remained under pressure from hawkish Federal Reserve signals and continued digestion of institutional position reductions.

Recent disclosures showed BlackRock cut its long position in SD GOLD H shares to 5.58% from 6.52% on October 6, while its short position edged up to 0.92%. Separately, JPMorgan downgraded the company, citing a sharp cut to production guidance due to regional safety inspections and expecting the impact to extend into 2027. The latest company update had already lowered its 2026 gold output target to 36-38 tons from no less than 49 tons, reinforcing pressure on sentiment despite longer-term asset injection expectations from the controlling shareholder.

(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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