On June 18, Shandong Gold fell 3.32% in regular trading, trading at HK$22.18/share, with turnover of HK$11.99 million. The decline was driven by spot gold prices falling to a half-year low as multiple bearish factors converged to pressure the precious metals sector.

On the macro front, US May CPI came in at 4.2% year-over-year, pushing the probability of a December Fed rate hike to 72%. The strengthening US dollar and rising Treasury yields continued to suppress the valuation of non-yielding gold. Additionally, US military strikes on Iranian facilities near the Strait of Hormuz pushed oil prices higher and intensified inflation expectations, further weighing on gold equities.

Within the Gold sector, stocks broadly declined. Among individual stocks, Zijin Mining down 1.51%, Zijin Gold International down 4.41%, China Gold International down 2.91%, Lingbao Gold down 3.29%, Zhaojin Mining down 3.84%.

(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.)