Movement Alert|ZIJIN MINING Rises 3.12% in Regular Trading, Gold Sector Rebounds as Fed Rate Hike Fully Priced In

Market Focus
4 hours ago

On September 16, ZIJIN MINING rose 3.12% in regular trading, trading at HK$34.32/share, with turnover of HK$473 million. The stock rebounded sharply after falling 3.12% the previous session amid broad metals selling pressure.

On the news front, the Fed's September rate decision meeting commenced on September 15-16, with CME FedWatch data showing the probability of a 25-basis-point hike surging above 92%. With the tightening move now fully priced in, market sentiment has shifted toward a \"sell the rumor, buy the news\" posture, triggering a broad gold sector rebound. Lingbao Gold rose 5.46%, Chifeng Gold gained 4.37%, and Shandong Gold added 3.34%. Spot gold climbed above $4,326/oz, up 0.75% intraday.

Providing additional structural support, China's central bank has increased gold reserves for 22 consecutive months, reaching 76.73 million ounces by end of August. Monthly purchases in July and August each exceeded 600,000 ounces, marking a notable acceleration in the pace of accumulation.

(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.)

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