On June 11, China Gold International fell 3.07% in regular trading, trading at 134.4 HKD/share, with trading volume of 18.28 million HKD.
On the news front, international gold prices accelerated their decline, with spot gold breaking below the $4,100/oz level, representing a cumulative pullback of over 29% from the historical high set earlier this year. Following the US May non-farm payroll data that significantly exceeded expectations, market pricing for a Fed rate hike by December surged above 74%. Rising US Treasury yields continue to push up the opportunity cost of holding gold, intensifying selling pressure across the sector.
Within the Gold sector, stocks declined broadly. Among individual stocks, Zijin Mining fell 3.16%, Lingbao Gold fell 2.13%, Zijin Gold International fell 1.84%, SD Gold fell 1.14%, and Zhaojin Mining fell 0.76%.
(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.)
Comments