On September 7, CHIFENG GOLD fell 3.03% in regular trading, trading at 40.9 HKD/share, with turnover of approximately 170 million HKD.

On the news front, US August non-farm payrolls surged by 162,000, significantly exceeding market expectations, effectively invalidating the labor-market-cooling narrative. Markets swiftly repriced the probability of a Fed rate hike in September to 59.6%, while the US dollar and Treasury yields strengthened in tandem. London spot gold briefly lost the $4,400/oz level, putting broad pressure on the gold sector.

Within the Gold sector, weakness was widespread. Among peers, SD GOLD fell 3.96%, TONGGUAN GOLD fell 7.61%, ZIJIN GOLD INTL fell 1.9%, CHINAGOLDINTL fell 0.92%, while LINGBAO GOLD edged up 0.79%. Separately, CHIFENG GOLD has faced additional headwinds including a sequential Q2 earnings slowdown — with Q2 net profit declining approximately 24% quarter-over-quarter — and sustained shareholder selling, with Zhaojin Mining recently reducing its stake from 7.2% to 2.88%.

(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.)