Movement Alert|Zhaojin Mining Falls 3.06% in Regular Trading, Gold Sector Broadly Weak Amid Persistent Pressure From Fed Rate Hike Expectations

Market Focus
07/17

On July 17, Zhaojin Mining fell 3.06% in regular trading, trading at HK$17.80/share, with turnover of HK$15.224 million.

On the news front, the gold sector continued to face systematic selling pressure as spot gold remained below the psychological $4,000/oz level, with market expectations for a Fed rate hike in July continuing to weigh on precious metals. The stock had rebounded 3.15% on July 16 following a cumulative decline of over 9% across three prior sessions, but failed to sustain upward momentum.

Within the Gold sector, stocks declined broadly. Among individual names, Chifeng Gold fell 5.21%, Zijin Gold International fell 4.69%, China Gold International fell 3.68%, Lingbao Gold fell 3.09%, and Zijin Mining fell 2.01%.

(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.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

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