Movement Alert|LINGBAO GOLD Falls 5.05% in Regular Trading, Hawkish Fed Minutes and Strong Dollar Weigh on Gold Prices

Market Focus
2 hours ago

On October 8, LINGBAO GOLD fell 5.05% in regular trading, trading at HK$18.24, with Turnover of HK$195 million.

The decline was driven by hawkish signals from the September Federal Reserve meeting minutes, which indicated that officials expect further rate hikes before year-end, while a stronger US dollar and rising long-term Treasury yields pressured the broader gold sector.

The company reported adjusted net profit growth of 50.36% year-over-year in the first half of 2026, and its reserve expansion prospects have been viewed positively by brokerages. However, short-term gold price volatility has continued to exert downward pressure on the share price.

(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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