Movement Alert|SD GOLD Falls 3.23% in Regular Trading, Fed Hawkishness and BlackRock Reduction Weigh on Precious Metals Sector

Market Focus
昨天

On October 13, SD GOLD fell 3.23% in regular trading, trading at HK$18.26, with turnover of HK$46.6 million. The decline was driven by the dual pressure of hawkish signals from the Federal Reserve and a reduction in holdings by BlackRock, which weighed on the entire gold sector.

Disclosures show BlackRock reduced its long position in SD GOLD's H-shares from 6.52% to 5.58% on October 6, while its short position rose slightly to 0.92%. This marked the second consecutive reduction by the institutional investor, dampening market sentiment. Earlier, JPMorgan downgraded SD GOLD to underweight on October 9, citing regional safety inspections that led to a sharp downward revision in production guidance, with the impact expected to persist until 2027.

On the same day, the Federal Reserve's September meeting minutes released hawkish signals, with officials expecting further interest rate hikes before year-end. The US dollar and Treasury yields remained strong, putting pressure on precious metals valuations.

SD GOLD engages in the exploration, mining, smelting, and sales of gold and non-ferrous metals, and also produces and sells specialized mining equipment and building decoration materials.

(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。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10