Movement Alert|Zijin Gold International Falls 3.87% in Regular Trading, Gold Price Loses 4200 Dollar Mark as ETF Redemptions Persist

Market Focus06-11

On June 11, Zijin Gold International fell 3.87% in regular trading, trading at 99.15 HKD/share, with trading volume of approximately 48.88 million HKD. The stock has declined for multiple consecutive sessions.

On the news front, the gold sector remains under sustained pressure. Spot gold has lost the key 4,200 USD/oz level, representing a cumulative retreat of over 20% from its intra-year high. The world's largest gold ETF, SPDR Gold Trust, has continued to reduce holdings, with its latest position falling to 1,019.92 tonnes, a new yearly low. Meanwhile, CFTC non-commercial net long positions have dropped to their lowest level in nearly two years, indicating that speculative capital is actively deleveraging.

Within the Gold sector, peers declined broadly: Zijin Mining fell 3.03%, China Gold International fell 3.80%, Chifeng Gold fell 2.80%, Zhaojin Mining fell 2.21%, and SD Gold fell 1.80%.

(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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