On June 2, Lingbao Gold fell 5.99% in regular trading, trading at 15.68 HKD/share, with trading volume of approximately 260 million HKD.

On the news front, international gold prices have plunged from a high of $5,300 per ounce to approximately $4,400, representing a correction exceeding 20%. Rising Fed rate hike expectations and a strengthening US dollar have further pressured dollar-denominated gold, directly weighing on the earnings outlook for gold mining companies. The entire gold sector continued to trade under significant stress.

Within the Gold sector, individual stocks declined broadly. Zijin Gold International fell 4.55%, Chifeng Gold fell 3.14%, Zhaojin Mining fell 2.48%, China Gold International fell 0.47%, and Zijin Mining fell 0.24%, reflecting a pronounced sector-wide linkage effect. UBS recently lowered its year-end gold price forecast from $5,900 to $5,500 per ounce, citing elevated US Treasury yields and renewed focus on the opportunity cost of holding non-yielding assets.

Lingbao Gold has been actively conducting share buybacks, repurchasing 57,160 shares on May 27 for approximately 9.98 million HKD.

(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.)