On June 23, Lingbao Gold fell 5.13% in regular trading, trading at HK$13.11/share, with turnover of HK$122 million. The decline extends a sharp selloff that began after the Federal Reserve's June meeting delivered unexpectedly hawkish guidance.

On the news front, the Fed held its benchmark rate unchanged at 3.50%-3.75%, but the dot plot revealed that 9 out of 19 officials now see the need for rate hikes this year, pushing the US Dollar Index above the 100 mark. Gold prices broke below the critical $4,200/oz support level, triggering broad-based selling across the sector. Goldman Sachs cut its year-end gold price target by $500/oz to $4,900/oz, citing diminished prospects for rate cuts. Within the Gold sector, CHINAGOLDINTL fell 7.47%, ZIJIN GOLD INTL fell 7.20%, ZIJIN MINING fell 6.07%, SD GOLD fell 4.91%, and ZHAOJIN MINING fell 3.86%.

The company repurchased 144,300 shares on June 22 for approximately HK$1.99 million, signaling management confidence amid the downturn.

(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.)