On June 4, Zijin Gold International fell 3.04% in regular trading, trading at 121.4 HKD/share, with trading volume of 108 million HKD. The gold sector came under broad selling pressure as robust US labor market data reinforced expectations of continued monetary tightening by the Federal Reserve.

On the news front, US May ADP private sector employment growth came in significantly above market expectations, while JOLTS job openings data indicated that corporate hiring demand remains strong. These figures further cemented market expectations that the Fed will maintain its restrictive policy stance. Traders now see a rising probability of a rate hike within the year, with the US dollar index and Treasury yields climbing in tandem. The opportunity cost of holding non-yielding gold continues to rise, with spot gold retreating to around $4,450, exerting multi-faceted pressure on gold prices and gold equities.

Within the Gold sector, the broader group declined uniformly. Among individual stocks, Zijin Mining fell 3.21%, China Gold International fell 3.47%, Zhaojin Mining fell 2.71%, Lingbao Gold fell 2.05%, and SD Gold fell 2.03%.

(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.)