On September 11, SD GOLD fell 3.07% at open, trading at HK$23.98 per share, with turnover of HK$3.1354 million.

On the news front, gold prices had previously plunged below the critical US$4,500/oz level, catalyzed by hawkish policy commentary. The selloff was compounded by stronger-than-expected US August non-farm payroll data, which pushed rate hike expectations higher and intensified downward pressure across the gold mining sector.

The broader Gold sector saw widespread declines. Among peers, China Gold International fell 5.24%, Lingbao Gold dropped 4.11%, Chifeng Gold declined 3.15%, Zhaojin Mining lost 2.60%, and Zijin Gold International slid 2.92%, reflecting deeply subdued sector sentiment. Notably, a major investment bank recently maintained a bullish medium-term outlook on gold, setting a 0-to-3-month target at US$4,800/oz and a 6-to-12-month target at US$5,000/oz, well above current spot prices near US$4,400.

(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.)