Movement Alert｜ZHAOJIN MINING Rises 4.26% in Regular Trading, Gold Price Holding Above $4300 Lifts Sector

Market Focus

Aug 10

On August 10, ZHAOJIN MINING rose 4.26% in regular trading, trading at 24.76 HKD/share, with turnover of approximately HKD 109 million.

On the news front, spot gold has maintained elevated levels after breaking through the $4,300 mark, with weaker-than-expected ADP employment data combined with easing geopolitical tensions continuing to support gold prices. The gold sector extended its recent strength on broad-based momentum.

Within the Gold sector, ZIJIN GOLD INTL rose 2.99%, SD GOLD rose 2.71%, CHIFENG GOLD rose 2.13%, and LINGBAO GOLD rose 1.16%, reflecting significant sector-wide linkage. Institutions have highlighted that ZHAOJIN MINING's offshore sea gold mine is expected to reach full production capacity by 2028, potentially contributing at least 15 tons of annual gold output, opening substantial long-term growth potential and offering strategic allocation value.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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