Movement Alert|Zhaojin Mining Falls 3.18% in Regular Trading, Fed Hawkish Signals and Strong Dollar Continue to Pressure Gold Sector

Market Focus
06/04

On June 4, Zhaojin Mining fell 3.18% in regular trading, trading at 20.78 HKD/share, with trading volume of 53.44 million HKD.

On the news front, new Fed Chair Waller continued to deliver hawkish signals, with market expectations for a 25-basis-point rate hike by year-end rising to approximately 50%. The U.S. dollar index and Treasury yields moved higher in tandem, while spot gold retreated to around $4,440/oz. Rising rate expectations have increased the opportunity cost of holding non-yielding gold, while dollar strength further eroded gold's appeal, intensifying selling pressure across the sector.

Within the Gold sector, stocks declined broadly. Among individual names, Zijin Mining fell 3.21%, Zijin Gold International fell 2.88%, China Gold International fell 4.44%, Lingbao Gold fell 1.73%, and SD Gold fell 2.70%. Institutional analysts noted that while gold prices remain constrained by rate expectations and dollar strength in the near term, sustained central bank gold purchases continue to provide medium-to-long-term support.

(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.)

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