Movement Alert|Shandong Gold Falls 3.05% in Regular Trading, US-Iran Tensions and Rate Hike Expectations Weigh on Gold Sector

Market Focus
07/15

On July 15, Shandong Gold fell 3.05% in regular trading, trading at HKD 17.82/share, with turnover of HKD 61.23 million.

On the news front, the gold sector extended its systematic pullback as escalating US-Iran tensions converged with rising Fed rate hike expectations. The US announced the resumption of port blockades against Iran and imposed a 20% transit fee on goods passing through the Strait of Hormuz, sending oil prices surging and reigniting inflation concerns. Fed Governor Waller issued a strongly hawkish signal, stating that further elevated core inflation data could necessitate a near-term rate hike, with swap markets pricing in a 43% probability of a July increase. Spot gold broke below the key USD 4,000 level, while the US dollar and Treasury yields remained elevated, continuing to suppress precious metals valuations.

Within the Gold sector, stocks declined broadly. Zijin Mining fell 0.79%, Lingbao Gold fell 1.8%, Zijin Gold International fell 2.33%, China Gold International fell 1.01%, and Chifeng Gold fell 2.91%.

(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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