Movement Alert｜Lingbao Gold Falls 5.13% in Regular Trading, Fed Hawkish Signals Pressure Gold Sector as Price Breaks Key Support

Market Focus06-23

On June 23, Lingbao Gold fell 5.13% in regular trading, trading at HK$13.11/share, with turnover of HK$122 million. The decline extends a sharp selloff that began after the Federal Reserve's June meeting delivered unexpectedly hawkish guidance.

On the news front, the Fed held its benchmark rate unchanged at 3.50%-3.75%, but the dot plot revealed that 9 out of 19 officials now see the need for rate hikes this year, pushing the US Dollar Index above the 100 mark. Gold prices broke below the critical $4,200/oz support level, triggering broad-based selling across the sector. Goldman Sachs cut its year-end gold price target by $500/oz to $4,900/oz, citing diminished prospects for rate cuts. Within the Gold sector, CHINAGOLDINTL fell 7.47%, ZIJIN GOLD INTL fell 7.20%, ZIJIN MINING fell 6.07%, SD GOLD fell 4.91%, and ZHAOJIN MINING fell 3.86%.

The company repurchased 144,300 shares on June 22 for approximately HK$1.99 million, signaling management confidence amid the downturn.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1165311071?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-23 13:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1165311071","market":"hk","top_or_hot":-1,"title":"Movement Alert｜Lingbao Gold Falls 5.13% in Regular Trading, Fed Hawkish Signals Pressure Gold Sector as Price Breaks Key Support","media":"Market Focus","content":"<p><p>On June 23, Lingbao Gold fell 5.13% in regular trading, trading at HK$13.11/share, with turnover of HK$122 million. The decline extends a sharp selloff that began after the Federal Reserve's June meeting delivered unexpectedly hawkish guidance.</p><p>On the news front, the Fed held its benchmark rate unchanged at 3.50%-3.75%, but the dot plot revealed that 9 out of 19 officials now see the need for rate hikes this year, pushing the US Dollar Index above the 100 mark. Gold prices broke below the critical $4,200/oz support level, triggering broad-based selling across the sector. Goldman Sachs cut its year-end gold price target by $500/oz to $4,900/oz, citing diminished prospects for rate cuts. Within the Gold sector, CHINAGOLDINTL fell 7.47%, ZIJIN GOLD INTL fell 7.20%, ZIJIN MINING fell 6.07%, SD GOLD fell 4.91%, and ZHAOJIN MINING fell 3.86%.</p><p>The company repurchased 144,300 shares on June 22 for approximately HK$1.99 million, signaling management confidence amid the downturn.</p><p>(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.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Lingbao Gold Falls 5.13% in Regular Trading, Fed Hawkish Signals Pressure Gold Sector as Price Breaks Key Support</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Lingbao Gold Falls 5.13% in Regular Trading, Fed Hawkish Signals Pressure Gold Sector as Price Breaks Key Support\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-06-23 13:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On June 23, Lingbao Gold fell 5.13% in regular trading, trading at HK$13.11/share, with turnover of HK$122 million. The decline extends a sharp selloff that began after the Federal Reserve's June meeting delivered unexpectedly hawkish guidance.</p><p>On the news front, the Fed held its benchmark rate unchanged at 3.50%-3.75%, but the dot plot revealed that 9 out of 19 officials now see the need for rate hikes this year, pushing the US Dollar Index above the 100 mark. Gold prices broke below the critical $4,200/oz support level, triggering broad-based selling across the sector. Goldman Sachs cut its year-end gold price target by $500/oz to $4,900/oz, citing diminished prospects for rate cuts. Within the Gold sector, CHINAGOLDINTL fell 7.47%, ZIJIN GOLD INTL fell 7.20%, ZIJIN MINING fell 6.07%, SD GOLD fell 4.91%, and ZHAOJIN MINING fell 3.86%.</p><p>The company repurchased 144,300 shares on June 22 for approximately HK$1.99 million, signaling management confidence amid the downturn.</p><p>(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.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03330","symbol_name":"灵宝黄金","start_time":0,"source_url":"","article_id":"1165311071","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1165311071","pubTimestamp":1782192839,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 23, Lingbao Gold fell 5.13% in regular trading, trading at HK$13.11/share, with turnover of HK$122 million. The decline extends a sharp selloff that began after the Federal Reserve's June...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03330":"灵宝黄金"},"translate_title":"动向提示|灵宝黄金常规交易下跌5.13%，美联储鹰派信号施压黄金板块，因价格突破关键支撑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03330":1},"content_text":"On June 23, Lingbao Gold fell 5.13% in regular trading, trading at HK$13.11/share, with turnover of HK$122 million. The decline extends a sharp selloff that began after the Federal Reserve's June meeting delivered unexpectedly hawkish guidance.On the news front, the Fed held its benchmark rate unchanged at 3.50%-3.75%, but the dot plot revealed that 9 out of 19 officials now see the need for rate hikes this year, pushing the US Dollar Index above the 100 mark. Gold prices broke below the critical $4,200/oz support level, triggering broad-based selling across the sector. Goldman Sachs cut its year-end gold price target by $500/oz to $4,900/oz, citing diminished prospects for rate cuts. Within the Gold sector, CHINAGOLDINTL fell 7.47%, ZIJIN GOLD INTL fell 7.20%, ZIJIN MINING fell 6.07%, SD GOLD fell 4.91%, and ZHAOJIN MINING fell 3.86%.The company repurchased 144,300 shares on June 22 for approximately HK$1.99 million, signaling management confidence amid the downturn.(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.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1165311071","isCrawlerRequest":true}