On July 3, Zijin Gold International rose 9.76% in regular trading, trading at 104.3 HKD/share, with turnover of approximately HKD 359 million. The gold sector rallied broadly, with Lingbao Gold up 11.79%, Zhaojin Mining up 10.06%, Chifeng Gold up 10.08%, and Zijin Mining up 8.59%.

On the news front, the probability of near-term Fed rate hikes has declined, providing a rebound catalyst for gold markets. Spot gold has reclaimed the USD 4,000 level after previously breaking below that psychological threshold in late June when hawkish Fed signals pushed the dollar index above 101.6. The sector had experienced severe selling pressure, with Zijin Gold International touching a 52-week low of HKD 84.2 on July 1.

On the institutional side, CITIC Construction Investment recently initiated coverage with a Buy rating, while Pacific Securities also initiated with a Buy rating, projecting continued high growth in net profit attributable to shareholders. Pacific Securities forecasts parent net profit of USD 3.33/4.27/5.36 billion for the next three years, with current valuation at approximately 10x PE. Goldman Sachs has stated that the gold bull market is not yet over, reinforcing bullish longer-term sentiment.

(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.)