Movement Alert|CHINAGOLDINTL Rises 3.07% in Regular Trading, Spot Gold Breaks Above $4320 Lifting Entire Gold Sector

Market Focus09-16 13:55

On September 16, CHINAGOLDINTL rose 3.07% in regular trading, trading at HKD 255.0/share, with turnover of HKD 275 million. The rebound follows two consecutive sessions of decline driven by a stronger dollar and profit-taking pressure.

On the news front, spot gold climbed steadily and broke above the $4,320 level, last trading at $4,326.23 per ounce, up 0.75% intraday, fueling a broad rally across Hong Kong-listed gold stocks. Additionally, the People's Bank of China has expanded its gold reserves for 22 consecutive months, purchasing 650,000 ounces in August, with structural central bank buying providing sustained price support.

CHINAGOLDINTL operates both the CSH Gold Mine in Inner Mongolia and the Jiama copper-gold polymetallic mine in Tibet, giving it dual exposure to gold and copper. Within the Gold sector, LINGBAO GOLD rose 7.49%, CHIFENG GOLD rose 7.0%, SD GOLD rose 4.45%, ZHAOJIN MINING rose 4.14%, and ZIJIN GOLD INTL rose 3.47%.

(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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