Movement Alert|Lingbao Gold Rises 7.37% in Regular Trading, Fed Dovish Signals Push Gold Back Above $4000 as Sector Extends Rally

Market Focus
9 hours ago

On July 3, Lingbao Gold rose 7.37% in regular trading, trading at 14.85 HKD/share, with turnover of approximately 61.54 million HKD.

On the news front, recent dovish remarks from the Federal Reserve eased market tightening expectations, with spot gold reclaiming the $4,000/oz level and driving continued strength across the gold sector. The company's controlling shareholder Wang Guanran previously announced plans to acquire up to 16 million H shares over the next 12 months using personal funds on the open market. Wang currently indirectly holds approximately 489 million H shares, representing about 35.50% of total issued shares. Additionally, the company has been conducting ongoing share buybacks and cancellations, further bolstering market confidence.

Within the Gold sector, stocks broadly advanced. Zijin Gold International rose 11.13%, Chifeng Gold rose 10.08%, Zijin Mining rose 8.16%, SD Gold rose 7.96%, and China Gold International rose 7.62%.

(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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