Movement Alert|Zijin Mining Falls 4.48% in Regular Trading, Fed Hawkish Signals Continue to Pressure Gold Sector

Market Focus06-25

On June 25, Zijin Mining fell 4.48% in regular trading, trading at HK$28.0/share, with turnover of HK$201 million.

On the news front, the Federal Reserve released distinctly hawkish signals at its recent policy meeting, raising inflation forecasts and reinforcing expectations for rate hikes within the year. The US Dollar Index broke above the 100 level, while spot gold lost the $4,150/oz mark. Bank of America expects the Fed to raise rates three times this year, Deutsche Bank anticipates two hikes, and Goldman Sachs sharply cut its year-end gold price target to $4,900/oz, a reduction of $500, collectively weighing heavily on the gold sector.

Within the Gold sector, the broader group extended its sell-off. Among peers, Zhaojin Mining fell 6.75%, Lingbao Gold fell 5.44%, SD Gold fell 5.17%, Zijin Gold International fell 4.9%, and Chifeng Gold fell 4.87%, reflecting a broad-based decline across the precious metals mining space.

(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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