Movement Alert|CHINAGOLDINTL Falls 3.16% in Regular Trading, Gold Prices Pressured by Hawkish Fed Minutes and Strong Dollar

Market Focus
5 hours ago

On October 8, CHINAGOLDINTL fell 3.16% in regular trading, trading at HK$208.4/share, with Turnover of HK$151 million.

The decline in gold stocks comes as the Federal Reserve's September meeting minutes signaled a hawkish stance, with most officials expecting another rate hike by year-end. The US dollar index and Treasury yields remained elevated, pressuring non-yielding gold assets and sending international gold prices to a two-month low.

As a result, Hong Kong-listed gold stocks weakened broadly. Within the gold sector, ZIJIN GOLD INTL fell 3.24%, SD GOLD fell 3.11%, LINGBAO GOLD fell 4.43%, ZHAOJIN MINING fell 2.12%, and CHIFENG GOLD fell 3.11%.

CHINAGOLDINTL is a Canada-based gold and base metals mining company operating the CSH Gold Mine in Inner Mongolia and the Jiama Copper-Gold Polymetallic Mine in Tibet.

(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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