On August 20, CHIFENG GOLD rose 4.04% in regular trading, trading at HKD 41.8/share, with turnover of HKD 121 million. The gold sector rallied collectively, driven by renewed geopolitical tensions and shifting monetary policy expectations.
On the news front, US-Iran negotiations over the reopening of the Strait of Hormuz have once again reached an impasse, escalating geopolitical risk and boosting safe-haven demand. Simultaneously, the CME FedWatch tool shows the probability of the Fed holding rates unchanged in September has risen to 70%, with the US dollar and Treasury yields retreating, providing upward momentum for gold prices. Within the Gold sector, ZIJIN GOLD INTL surged 13.2%, SD GOLD gained 9.8%, LINGBAO GOLD rose 9.8%, ZHAOJIN MINING climbed 8.91%, and CHINAGOLDINTL advanced 8.08%.
(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.)