On June 23, Shandong Gold fell 3.11% in regular trading, trading at HK$19.74/share, with turnover of HK$64.95 million.

On the news front, spot gold prices dropped to a six-month low as multiple bearish factors converged. U.S. May CPI came in at 4.2% year-over-year, pushing the probability of a December Fed rate hike to 72%. A strengthening U.S. dollar and rising Treasury yields continued to suppress the valuation of non-yielding gold, placing broad pressure on the gold mining sector.

Within the Gold sector, peers declined broadly. Among individual stocks, Zijin Gold International fell 5.33%, Zijin Mining fell 4.68%, Chifeng Gold fell 4.51%, Lingbao Gold fell 3.47%, and Zhaojin Mining 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.)