On June 23, Chifeng Gold fell 5.04% in regular trading, trading at 25.32 HKD/share, with turnover of 82.60 million HKD.

On the news front, spot gold plunged in Asian trading hours, breaking below the $4150/oz level after failing to hold the critical $4200 support, with short sellers continuing to dominate. New Fed Chair Wosh delivered an explicitly hawkish signal at his first policy meeting, with 9 officials projecting at least one rate hike this year, sending December hike probability surging to 83%. Goldman Sachs simultaneously cut its year-end gold price target by $500/oz to $4900. Additionally, JPMorgan reduced its stake in Chifeng Gold by 1.1966 million shares on June 12 at approximately 27.13 HKD per share, lowering its holding from 7.15% to 6.64%.

The gold sector saw broad-based declines, with Zijin Gold International down 6.83%, China Gold International down 6.70%, Zijin Mining down 5.69%, SD Gold down 4.32%, and Zhaojin Mining down 3.91%.

(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.)