On June 30, Shandong Gold fell 3.1% in regular trading, trading at HK$16.58/share, with turnover of HK$22.51 million.

On the news front, spot gold broke below the $4,000/oz level to hit a seven-month low, while the entire gold mining sector came under broad selling pressure. US May CPI rose to 4.2% year-over-year, breaching 4% for the first time in three years, prompting markets to price in three Fed rate hikes within the year. The strengthening US dollar continues to suppress valuations of non-yielding gold assets. Goldman Sachs has cut its year-end gold price target to $4,900/oz, while Deutsche Bank slashed its target by up to 32%.

Within the Gold sector, all major peers declined sharply. Zijin Mining fell 3.32%, Zijin Gold International fell 6.29%, Lingbao Gold fell 5.56%, Zhaojin Mining fell 5.99%, and China Gold International fell 3.82%.

(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.)