On June 10, Lingbao Gold fell 5.42% in regular trading, trading at 13.28 HKD/share, with trading volume of approximately 16.2 million HKD. The decline was driven by escalating Fed rate hike expectations after significantly stronger-than-expected U.S. employment data pressured gold prices and the broader precious metals sector.

On the news front, U.S. May non-farm payrolls surged by 172,000, nearly double the market expectation of 88,000. The Cleveland Fed President Hammack, the most hawkish FOMC voter, stated that it may soon be appropriate to act on rate hikes. Traders have fully priced in a 25 basis point hike by year-end, while Goldman Sachs economists no longer expect Fed rate cuts this year. Spot gold broke below $4,300/oz, having retreated over 20% from highs near $5,300. The gold sector declined broadly, with Zijin Gold International down 4.42%, Zhaojin Mining down 4.54%, SD Gold down 3.81%, and Chifeng Gold down 2.88%.

The company has intensified share buybacks, repurchasing 572,000 shares on June 9 for approximately 7.91 million HKD, and adjusted the maximum buyback quantity to 2.17% of total issued shares to bolster investor confidence.

(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.)