On June 22, Wanguo Gold Group fell 5.61% in regular trading, trading at HK$8.95/share, with turnover of approximately HK$64.04 million.
On the news front, the Federal Reserve's new Chair Kevin Warsh concluded the June FOMC meeting by maintaining the federal funds rate at 3.5%-3.75% but delivered a notably hawkish shift in the policy statement. The committee unanimously removed the previously sustained dovish forward guidance, eliminating language suggesting the next policy move would lean toward a rate cut. The stance pivoted to a neutral-to-hawkish posture open to both hikes and cuts, intensifying rate hike expectations and pressuring gold prices along with the broader precious metals sector.
Additionally, June 22 marked the company's ex-dividend date, introducing a technical price adjustment factor. Within the Diversified Metals and Mining sector, MMG fell 3.03%, Lygend Resource dropped 3.0%, and Jiaxin International Resources declined 2.26%, reflecting broad sector weakness.
Wanguo Gold Group is an investment holding company primarily engaged in mining, ore beneficiation, and sales of concentrate products including gold bullion, gold concentrate, and copper concentrate, with operations in China and the Solomon Islands.
(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.)
Comments