On July 13, Zhaojin Mining fell 3.52% in regular trading, trading at HK$17.8/share, with turnover of HK$24.68 million.

The gold sector continued its recent downtrend amid escalating US-Iran geopolitical tensions. While conventional wisdom suggests geopolitical conflict supports gold prices, this round of tension has paradoxically weighed on the precious metal. The key mechanism: the conflict has driven WTI crude oil up nearly 10% over recent sessions, reinforcing inflation expectations and prompting markets to price in potential Fed rate hikes to combat inflation — undermining the appeal of non-yielding gold assets.

Within the Gold sector, the broad selloff persisted. Among individual stocks, Zijin Mining fell 2.4%, Zijin Gold International fell 2.09%, Lingbao Gold fell 3.0%, Chifeng Gold fell 1.9%, and China Gold International fell 2.38%. International gold prices have retreated notably since briefly approaching the US$4,200 level in early July.

(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.)