On June 15, Shandong Gold rose 5.71% in regular trading, trading at HKD 22.92/share, with turnover of HKD 67.39 million. The rally was driven by the signing of a US-Iran peace agreement, which lifted international gold and silver prices sharply and sent the gold sector broadly higher.

The peace agreement effectively eased Middle East geopolitical tensions that had previously weighed on the market. Spot gold had fallen near the USD 4,200/oz level amid consecutive sessions of decline, pressured by elevated Fed rate hike expectations following strong May non-farm payroll data. The geopolitical breakthrough triggered a strong rebound in precious metals prices, reversing the recent downtrend.

Within the Gold sector, the rally was broad-based. Among individual stocks, Zijin Gold International rose 11.36%, Zijin Mining rose 7.96%, China Gold International rose 6.65%, Lingbao Gold rose 6.37%, and Zhaojin Mining rose 5.99%.

(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.)