On July 17, Zijin Mining fell 3.18% in regular trading, trading at 29.72 HKD/share, with turnover of HKD 552 million. The gold sector saw broad-based weakness, with Chifeng Gold down 6.94%, Zijin Gold International down 6.47%, Zhaojin Mining down 5.64%, China Gold International down 3.81%, and Lingbao Gold down 3.71%.

On the news front, the United States conducted large-scale airstrikes on southern Iranian coastal targets, driving oil prices higher. Commodity strategists noted that rising oil prices could push bond yields further up and potentially prompt the Fed to raise rates as early as September, placing sustained pressure on gold. Dallas Fed President Logan warned that one month of inflation improvement is insufficient to declare victory, stating she would prefer modest tightening now over being forced to tighten aggressively later — making her the most explicitly hawkish official to date.

While Zijin Mining reported record H1 net profit of approximately RMB 39.1 billion, up 68% year-over-year, the market had already priced in the strong earnings. External gold and copper prices remain under pressure, weighing on sector valuations.

(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.)