On June 30, Chow Tai Fook fell 3.06% in regular trading, trading at HKD 10.76/share, with turnover of HKD 64.62 million.

The decline was driven by a sharp selloff in spot gold, which broke below the $4,000/oz level and continued sliding to approximately $3,960, representing a cumulative drop of over $1,600 from its year-to-date high. Chow Tai Fook's pure gold retail price fell to RMB 1,208/gram, down 498 yuan from the year's peak of RMB 1,706, a decline of nearly 30%. Multiple global investment banks have cut gold price forecasts, with Deutsche Bank lowering its Q3 target to $4,300/oz and Goldman Sachs reducing its year-end forecast by $500 to $4,900/oz.

The broader gold jewelry sector has been under sustained pressure as high gold prices weigh heavily on end-consumer demand. Industry data showed mainland China gold jewelry consumption plunged 37.1% year-over-year to 84.6 tonnes in Q1, while Chow Tai Fook net-closed over 900 stores in its most recent fiscal year amid a persistent volume decline despite higher selling prices.

(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.)