On July 7, Lingbao Gold fell 5.34% in regular trading, trading at HKD 14.56 per share, with turnover of HKD 118 million. The decline came as the gold sector experienced a broad technical correction following two consecutive days of sharp rebounds.

On the news front, JPMorgan released its latest research report indicating that gold will maintain a range-bound trading pattern in the near term, with a Q3 average price forecast of USD 4,300/oz and Q4 at USD 4,500/oz. Institutions noted that rising Fed rate hike expectations and above-forecast inflation persistence have kept the Fed hawkish, with a strengthening US dollar and weakening demand outlook creating dual pressure on precious metals valuations.

Within the Gold sector, stocks declined broadly. China Gold International fell 4.92%, Zijin Gold International fell 4.83%, Zhaojin Mining fell 3.99%, Zijin Mining fell 3.65%, and Shandong Gold fell 3.51%. The sector-wide pullback followed a period in which gold had rebounded above USD 4,170/oz, driven by weak US non-farm payroll data released earlier in the week.

(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.)