Movement Alert｜Lingbao Gold Falls 6.96% in Regular Trading, Gold Sector Under Pressure as Gold Price Retreats and Fed Rate Hike Expectations Intensify

Market Focus06-08

On June 8, Lingbao Gold fell 6.96% in regular trading, trading at HKD 13.9/share, with trading volume of HKD 23.64 million.

On the news front, international gold prices have retreated sharply from highs near USD 5,300 to around USD 4,400, a decline exceeding 20%. Fed rate hike expectations continue to intensify, with interest rate swaps indicating traders have fully priced in a rate increase. The stronger US dollar is exerting significant downward pressure on dollar-denominated gold, weighing on the entire gold sector.

Strong US May non-farm payroll data exceeded all forecasts, pushing bond yields and the dollar higher. Traders have now fully priced in a 25-basis-point Fed rate hike by December, with approximately 60% probability assigned to an October move. The gold sector showed broad-based weakness, with Shandong Gold down 5.88%, Zijin Gold International down 6.22%, Zhaojin Mining down 5.41%, and China Gold International down 4.70%, reflecting pronounced sector linkage.

The company has continued share buybacks recently, repurchasing 67,300 shares on June 5 at a cost of approximately HKD 997,700.

(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.

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