On June 2, Chifeng Gold fell 3.08% in regular trading, trading at HK$29.44/share, with trading volume of approximately HK$35.85 million. The decline reflects continued weakness across the gold sector as a strengthening US dollar suppresses bullion prices.

On the macro front, US Treasury yields have climbed to near 19-year highs, with the dollar maintaining its upward trajectory and exerting direct pressure on dollar-denominated gold. Market expectations for a Fed rate hike within the year have risen to approximately 50%, further compressing gold sector valuations. Across the industry, Lingbao Gold fell 5.87%, Zijin Gold International dropped 4.32%, and Zhaojin Mining declined 2.57%.

At the company level, Chifeng Gold recently announced the early termination of its third employee stock ownership plan due to gold production falling short of performance assessment targets, with plans to repurchase and cancel approximately 15.18 million A-shares representing about 0.80% of total share capital. Market sentiment is still digesting this development in the near term.

(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.)