Zijin Gold International's stock experienced a significant intraday decline, plummeting 5.02%.

The drop in gold stocks, including Zijin Gold International, followed news of a ten-day ceasefire agreement between Lebanon and Israel, which reduced the geopolitical risk premium that had supported safe-haven assets. Concurrently, comments from Federal Reserve officials indicated that the Middle East conflict is already contributing to inflationary pressures, adding uncertainty to the interest rate outlook. A Fed Governor noted that persistent inflation might lead to a reduction in expectations for future rate cuts, which can pressure gold prices as the metal's valuation shifts more towards an inflation and interest rate framework rather than pure safe-haven demand.