On July 3, Shandong Gold Mining rose 6.04% in regular trading, trading at HK$19.53/share, with turnover of HK$100 million.

On the news front, the gold sector extended a broad-based rebound following a prolonged and sharp correction. CICC published a research note stating that current gold prices may have excessively reflected Fed rate hike expectations on a phase basis, arguing that continued rate hikes are not the core base-case scenario and that gold may undergo a corrective recovery. Additionally, the probability of near-term Fed rate hikes has cooled, providing a rebound catalyst for the precious metals market.

Within the Gold sector, peers rallied strongly. Zijin Gold International rose 13.89%, Lingbao Gold gained 13.49%, Zhaojin Mining advanced 11.62%, Zijin Mining climbed 8.59%, and China Gold International rose 7.84%. Spot gold had previously fallen below the US$4,000/oz mark to a seven-month low before staging a recovery above that level.

(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.)