On June 5, Shandong Gold (01787.HK) fell 3.04% in regular trading, trading at HKD 22.34 with turnover of HKD 130 million, extending a multi-day decline amid persistent gold price corrections.

On the news front, international gold prices continue to adjust as US-Iran tensions escalate, pressuring precious metals. Several major banks have simultaneously lowered their gold price forecasts — Commerzbank cut its year-end target from USD 5,000 to USD 4,800 per ounce, while Citi projected near-term prices at USD 4,300. JPMorgan, Morgan Stanley, and ANZ also issued downgrades. Meanwhile, Fed rate hike expectations are intensifying, with interest rate swaps now fully pricing in a hike by early next year.

The broader gold sector declined in tandem, with Zijin Mining down 0.78%, Zhaojin Mining down 2.81%, China Gold International down 2.19%, and Lingbao Gold down 1.86%. The Shenwan precious metals sub-index has averaged a 46% drawdown year-to-date, while Shandong Gold A-shares have retreated over 55% from their late-January peak. Technical indicators suggest the stock remains in a bearish trend with sustained capital outflows.

(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.)