On July 9, Lingbao Gold fell 5.52% in regular trading, trading at HK$14.4/share, with turnover of approximately HK$92.16 million. The decline came as the broader gold sector retreated under sustained pressure from Federal Reserve rate hike expectations.

On the news front, continued warming of Fed rate hike expectations has strengthened the US dollar, which combined with inflation resilience exceeding market expectations, has placed significant valuation pressure on precious metals. Lingbao Gold had rebounded 5.75% in the previous session on oversold conditions, but today's renewed selloff reflects persistently cautious market sentiment. The gold sector declined broadly, with Chifeng Gold down 5.77%, China Gold International down 5.52%, Zijin Gold International down 5.42%, Shandong Gold down 4.80%, and Zijin Mining down 1.61%.

JPMorgan maintains a long-term bullish outlook on gold with Q3 average price forecast at $4,300/oz and Q4 at $4,500/oz, though near-term range-bound trading is expected to persist amid macro headwinds.

(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.)