On July 31, SD GOLD rose 3.38% in regular trading, trading at HK$20.46 per share, with turnover of approximately HK$83.23 million. The stock benefited from broad-based strength across the gold sector alongside a major catalyst from global central bank gold buying data.
The World Gold Association released its Q2 Global Gold Demand Trends Report on July 30, revealing that global central banks and official institutions collectively added a net 289 tonnes of gold reserves in the second quarter, representing a 62% year-over-year increase. The significant rebound in multi-country central bank purchases provides structural floor support for gold prices, which remain anchored above the $4,000/oz level.
Within the gold sector, notable gainers include Chifeng Gold up 5.95%, Lingbao Gold up 5.70%, Zijin Mining up 3.32%, and China Gold International up 2.22%, reflecting strong sector-wide momentum. Additionally, BlackRock recently raised its stake in SD GOLD H-shares from 5.38% to 6.49% in early July, signaling continued institutional confidence.
(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