On July 27, CHINAGOLDINTL rose 3.04% in regular trading, trading at 172.6 HKD/share, with turnover of approximately 69.68 million HKD. The gold mining sector staged a broad-based rebound following a period of sharp correction.
On the news front, institutional analysts noted that gold prices have already retreated more than 20% from their highs, significantly narrowing further downside risk. Additionally, global central banks have maintained gold purchases for 20 consecutive months, providing structural support for the precious metal. These factors have prompted a reassessment of long-term allocation value across the sector.
Within the Gold sector, LINGBAO GOLD rose 2.73%, ZIJIN GOLD INTL rose 2.43%, ZHAOJIN MINING rose 0.98%, ZIJIN MINING rose 0.93%, and CHIFENG GOLD rose 0.64%. The sector experienced a notable recovery after gold prices successfully held the key 4,000 USD/oz psychological level earlier in the week, with the prior deep correction having brought valuations back to attractive levels.
(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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