Movement Alert|Chifeng Gold Falls 5.09% in Regular Trading, Gold Price Breaks Below $4000 as Fed Rate Hike Expectations Intensify

Market Focus
Jun 30

On June 30, Chifeng Gold fell 5.09% in regular trading, trading at HKD 22.38 per share, with turnover of approximately HKD 19.75 million. The decline came amid a broad selloff across the gold mining sector driven by multiple bearish catalysts.

On the news front, international gold prices recently broke below the key $4,000 psychological level, hitting a seven-month low. The US PCE price index rose 4.1% year-over-year, breaching the 4.0% threshold for the first time in over three years, pushing the US dollar index to a 13-month high and lifting Fed rate hike expectations to 67%. The US-Iran peace agreement further eased geopolitical risk premiums, compounding downward pressure on gold.

Within the Gold sector, the entire industry traded sharply lower. Among peers, Zijin Mining fell 3.47%, Zijin Gold International fell 7.15%, SD Gold fell 5.34%, Lingbao Gold fell 6.89%, and Zhaojin Mining fell 6.80%. Chifeng Gold's AH shares have declined continuously for nearly five months since their January highs, with controlling shareholder Zijin Mining's stake now carrying an unrealized loss of approximately RMB 6 billion.

(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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