On June 10, China Gold International fell 3.06% in regular trading, trading at 135.0 HKD/share, with trading volume of 20.05 million HKD.

On the news front, spot gold prices continued to slide and broke below the $4300/oz level, as the U.S. May non-farm payrolls came in at 172,000 — nearly double the market expectation of 88,000 — triggering a fundamental shift in Fed policy expectations. The probability of a rate hike surged from 50% to 72%, while 10-year U.S. Treasury yields spiked to 4.55%, a two-week high, significantly raising the opportunity cost of holding gold. Goldman Sachs economists no longer expect the Fed to cut rates this year, pushing their forecast for the final two cuts to June and December of next year. Long positions were liquidated en masse, nearly erasing gold's year-to-date gains.

Within the Gold sector, stocks declined broadly. Zhaojin Mining fell 6.26%, Chifeng Gold fell 5.32%, Zijin Gold International fell 5.25%, SD Gold fell 4.90%, and Zijin Mining fell 3.13%.

(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.)