Movement Alert|China Gold International Falls 3.29% in Regular Trading, Fed Hawkish Signal Continues to Weigh on Gold Prices

Market Focus
06/24

On June 24, China Gold International fell 3.29% in regular trading, trading at 126.4 HKD/share, with turnover of 50.43 million HKD.

On the news front, the Federal Reserve's June FOMC meeting delivered a clearly hawkish signal, with the dot plot showing the year-end rate median rising to 3.8%. Nine out of 18 policymakers expect at least one rate hike this year, significantly boosting rate hike expectations and driving sustained USD strength. International gold prices have broken below the $4,100/oz level, with COMEX gold futures already retreating over 27% from their highs. As a non-yielding asset, gold faces notably higher holding costs amid rising rate expectations, putting broad pressure on the sector.

Within the Gold sector, individual stocks declined broadly. ZIJIN GOLD INTL fell 6.58%, SD GOLD fell 4.73%, LINGBAO GOLD fell 4.86%, ZHAOJIN MINING fell 2.09%, and ZIJIN MINING fell 1.49%.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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