Movement Alert|China Gold International Rises 3.09% in Regular Trading, Gold Sector Extends Recovery Rally on Central Bank Buying

Market Focus
07/21

On July 21, China Gold International rose 3.09% in regular trading, trading at 148.0 HKD/share, with turnover of 86.24 million HKD.

On the news front, the gold sector continues its recovery rally supported by sustained central bank demand. The People's Bank of China has increased its gold reserves for 20 consecutive months, with holdings reaching 75.44 million ounces by end of June. Notably, the pace of accumulation in Q2 was 4.6 times that of Q1, providing structural support to the sector.

Within the Gold sector, peer stocks moved in tandem: Chifeng Gold up 4.09%, Zhaojin Mining up 2.97%, Zijin Gold International up 2.09%, Zijin Mining up 1.93%, and SD Gold up 1.07%. Additionally, the company recently disclosed that proven resources at its Jiama copper polymetallic mine increased to 623 million tonnes, representing a 523% increase, reinforcing fundamental support.

(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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