Movement Alert|SD GOLD Intraday Decline 3.01%, Dollar Strength and Hawkish Fed Weigh on Gold Prices

Market Focus
2 hours ago

On October 8, SD GOLD fell 3.01% in regular trading, trading at 18.38 HKD/share, with a turnover of 187 million HKD. On the news front, the continued rise in long-term U.S. Treasury yields, combined with persistent dollar strength, pressured precious metals markets.

The 10-year U.S. Treasury yield rose to 5.31%, while the 30-year yield climbed above 5.7%. The September Federal Reserve meeting minutes revealed a hawkish stance, with officials expecting further rate hikes before year-end, continuing to suppress international gold prices and gold sector performance.

Within the Gold sector, ZIJIN GOLD INTL declined 3.16%, LINGBAO GOLD dropped 4.38%, CHINAGOLDINTL fell 3.07%, ZHAOJIN MINING slipped 2.0%, and CHIFENG GOLD lost 3.11%.

(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.)

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