On July 3, Zijin Mining rose 6.6% in regular trading, trading at HKD 30.6 per share, with turnover of HKD 589 million.

On the news front, Fed Chair Wosh adopted a dovish tone at the ECB Sintra symposium, stating that inflation expectations and risks have declined in recent weeks while avoiding the issue of a July rate hike. Market expectations for further Fed tightening cooled significantly, boosting spot gold back above the $4,000 level.

The gold sector had previously undergone a severe correction, with Zijin Mining losing nearly RMB 100 billion in market capitalization over three trading days in late June. JPMorgan's short position on Zijin Mining H-shares rose to 6.58% as of June 24. Following this crowded short setup, the dovish Fed signal catalyzed a broad technical recovery across the sector. Within the Gold sector, Chifeng Gold rose 14.02%, Lingbao Gold rose 11.72%, Zijin Gold International rose 11.45%, Zhaojin Mining rose 10.52%, and China Gold International rose 9.01%.

(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.)