Movement Alert|Zijin Gold International Falls 6.65% in Regular Trading, Rate Hike Expectations and ETF Outflows Pressure Gold Sector

Market Focus
06/08

On June 8, Zijin Gold International fell 6.65% in regular trading, trading at 110.0 HKD/share, with trading volume of HKD 205 million.

On the news front, persistent U.S. inflation data and strong employment figures have significantly strengthened expectations for a Fed rate hike, while global gold ETF holdings have declined for seven consecutive sessions since late May. CFTC non-commercial net long positions have dropped to a two-year low, signaling that leveraged and speculative capital is actively reducing gold exposure. Institutions have also lowered year-end gold price targets, with spot gold retreating near USD 4,450 per ounce. The rising opportunity cost of holding non-yielding gold amid a high-rate environment, combined with a stronger U.S. dollar and Treasury yields, has exerted multi-layered pressure on gold prices and gold equities.

Within the Gold sector, the broader group declined sharply. Among individual stocks, Lingbao Gold down 6.29%, Zhaojin Mining down 3.82%, Zijin Mining down 3.64%, China Gold International down 3.20%, SD Gold down 2.67%.

(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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