Stock Track | Zijin Mining Plummets 5.03% Intraday Amid Profit-Taking in Gold Sector

Stock Track05-28

Zijin Mining's stock plummeted 5.03% during intraday trading on Thursday, extending losses in the gold mining sector.

The decline reflects continued profit-taking across the gold sector following last week's sharp rally driven by US-Iran negotiations in Doha. The broader gold sector saw widespread declines as investors locked in gains after the previous advance.

Despite S&P Global Ratings affirming Zijin Mining's BBB rating and raising its outlook to positive this week, the market remained focused on digesting prior gains. The stock's movement represents a continuation of the technical correction that began after it rallied over 5% earlier in the week.

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