On May 28, Lingbao Gold fell 5.13% in regular trading, trading at 16.46 HKD/share, with trading volume of approximately 16.47 million HKD. The decline was driven by a continued sharp correction in international gold prices and rising Fed rate hike expectations weighing on the broader gold sector.

On the news front, international gold prices have retreated sharply from highs near $5,300 to approximately $4,500, representing a decline of nearly 20%. Simultaneously, strengthening U.S. dollar and elevated rate hike expectations have created a triple headwind of macro pressure, currency strength, and technical selling for gold equities. Within the Gold sector, declines were broad-based: Zijin Mining fell 2.17%, China Gold International fell 4.37%, Zijin Gold International fell 3.52%, Zhaojin Mining fell 2.88%, and Chifeng Gold fell 3.23%.

On the medium-to-long-term front, global central banks continued net gold purchases of 244 tonnes in Q1, and de-dollarization trends alongside geopolitical risks remain supportive of gold fundamentals. Lingbao Gold has been actively conducting share buybacks, spending approximately 9.98 million HKD to repurchase 571,600 shares on May 27.

(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.)