On June 15, Chifeng Gold rose 6.21% in regular trading, trading at 29.58 HKD/share, with turnover of 67.19 million HKD. The rebound came as the broader gold sector staged a collective technical recovery following consecutive sessions of weakness triggered by stronger-than-expected U.S. non-farm payroll data.
On the news front, gold prices had previously broken below $4,200/oz after the May non-farm report showed 172,000 new jobs versus expectations of 85,000, sharply raising market expectations for a Fed rate hike by December. Following the steep correction in gold equities, the sector entered a technical repair phase. Across the industry, Zijin Gold International surged 10.70%, Lingbao Gold gained 7.22%, Zijin Mining rose 7.90%, China Gold International climbed 6.45%, and Zhaojin Mining advanced 5.89%.
Analyst research noted that while precious metals face short-term pressure from elevated real interest rates and a stronger U.S. dollar, the long-term bullish thesis remains intact, with the current pullback providing a strategic allocation window for gold mining equities.
(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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