On October 12, CHIFENG GOLD declined 3.04% in regular trading, trading at 34.84 HKD with a turnover of 53 million HKD.

Spot gold previously breached the 4200 USD level but failed to hold its gains after the rally. HSBC lowered its gold price forecasts for 2026 and 2027, citing market expectations for further Federal Reserve rate hikes and near-term pressure on gold from rising oil prices.

The company is principally engaged in gold mining, ore dressing and sales, as well as multi-metal mining and comprehensive resource recycling, with main products including gold, silver and electrolytic copper.

(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.)