On September 24, CHINAGOLDINTL fell 3.07% in regular trading, trading at HK$220.4/share, with turnover of approximately HK$58.38 million. The decline extends the ongoing selloff across the gold mining sector driven by the Fed's monetary tightening cycle.

On the news front, the Federal Reserve recently raised rates by 25 basis points to a target range of 3.75%-4.00%, marking its first hike since July 2023. The latest dot plot raised the projected year-end federal funds rate median to 4.1%, with 16 officials forecasting at least one more hike this year. Fed Chair Wosh stated that U.S. inflation remains elevated, reinforcing a hawkish stance. The 10-year U.S. Treasury yield has held at elevated levels while the U.S. Dollar Index broke above the 100 mark, creating an adverse real-rate environment for gold.

Within the Gold sector, stocks declined broadly. Among individual names, SD GOLD fell 4.01%, ZIJIN GOLD INTL fell 3.62%, ZHAOJIN MINING fell 3.30%, LINGBAO GOLD fell 3.0%, and CHIFENG GOLD fell 2.70%. Institutional views suggest gold prices remain subject to near-term policy disruption, though the medium-term outlook is not overly pessimistic, with terminal demand expected to recover at the margin.

(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.)