Movement Alert|Zijin Mining Falls 3.07% in Regular Trading, Spot Gold Loses $4000 Level as Gold Sector Remains Under Pressure

Market Focus
Jun 26

On June 26, Zijin Mining fell 3.07% in regular trading, trading at HKD 27.16/share, with turnover of HKD 521 million.

On the news front, spot gold breached the $4000 psychological level to the downside, last trading at $3,982 per ounce. The Fed previously released a clearly hawkish signal at its rate-setting meeting, revising up inflation forecasts and reinforcing expectations for rate hikes within the year. The U.S. dollar index broke above the 100 level. Multiple major banks collectively cut gold price forecasts, with Deutsche Bank slashing its Q3 gold price target by over 22% to $4,300/oz, and Goldman Sachs significantly lowering its year-end target to $4,900/oz.

Within the Gold sector, the overall sector declined broadly. Among individual stocks, China Gold International down 6.09%, Zhaojin Mining down 3.84%, SD Gold down 3.46%, Zijin Gold International down 3.12%, Lingbao Gold down 1.99%.

(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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