On September 24, CHIFENG GOLD fell 3.08% in regular trading, trading at HKD 35.88 per share, with turnover of approximately HKD 58.58 million. The decline came amid broad selling pressure across the gold sector triggered by a confluence of macro headwinds.

On the news front, Fed Governor Barr delivered hawkish remarks warning that inflation risks are re-escalating and hinting at potential further policy tightening. This pushed the 10-year US Treasury yield decisively above the psychologically critical 5% level, severely undermining the appeal of gold as a zero-yield asset. International gold prices tumbled nearly 2% overnight, dragging Hong Kong-listed gold stocks lower across the board. Additionally, JPMorgan Chase has been consecutively reducing its long position in CHIFENG GOLD H shares, with its stake falling from 8.72% to 7.87%, further weighing on sentiment.

Within the Gold sector, declines were broad-based. ZIJIN GOLD INTL fell 4.77%, SD GOLD fell 3.36%, ZHAOJIN MINING fell 2.99%, LINGBAO GOLD fell 2.91%, and CHINAGOLDINTL fell 2.46%.

(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.)