Movement Alert|Zijin Mining Falls 3.2% in Regular Trading, Gold Sector Under Broad Pressure as Spot Gold Hits Half-Year Low

Market Focus06-18

On June 18, Zijin Mining fell 3.2% in regular trading, trading at HKD 32.0/share, with turnover of HKD 948 million.

On the news front, spot gold prices have fallen to a half-year low, with a stronger US dollar and rising US Treasury yields continuing to suppress the valuation of non-yielding gold assets. Heightened expectations of further Federal Reserve rate hikes have added additional downward pressure on the precious metals complex, triggering broad-based selling across the gold mining sector.

Within the Gold sector, peer stocks suffered notable declines: Lingbao Gold down 6.51%, Zhaojin Mining down 6.27%, SD Gold down 5.76%, China Gold International down 5.7%, and Zijin Gold International down 5.08%, reflecting a sector-wide selloff pattern.

(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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