On October 2, SD GOLD fell 4.32% in regular trading, trading at HK$18.66 per share, with turnover of HK$3.94 million. The decline came amid continued sector-wide selling pressure in gold stocks, driven by persistent hawkish signals from the U.S. Federal Reserve.

The Fed recently raised interest rates by 25 basis points to a target range of 3.75%-4.00%, marking its first hike since July 2023. The updated dot plot raised the year-end federal funds rate median forecast from 3.8% to 4.1%, with 16 officials projecting at least one more hike this year. CME FedWatch data now assigns a 50.9% probability to a cumulative 50-basis-point increase by December. Rising U.S. Treasury yields have significantly increased the opportunity cost of holding gold, pushing COMEX gold futures below the $4,250 level and triggering broad retreats across precious metals equities.

Adding to company-specific headwinds, SD GOLD recently slashed its full-year gold production target from no less than 49 metric tons to 36-38 metric tons, a year-on-year reduction of approximately 11-13 tons, due to safety inspections and accelerated underground construction at key mines. Within the Gold sector, ZIJIN GOLD INTL fell 1.41%, CHINAGOLDINTL fell 2.18%, LINGBAO GOLD fell 4.13%, ZHAOJIN MINING fell 3.77%, and CHIFENG GOLD fell 4.13%.

(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.)