On June 30, Zijin Mining fell 3.32% in regular trading, trading at 26.66 HKD/share, with turnover of HKD 182 million. The entire gold sector came under heavy selling pressure.

On the news front, spot gold previously lost the psychologically significant $4000/oz level, retreating sharply from earlier highs. A strengthening US dollar index combined with rising US Treasury yields continued to suppress the investment appeal of non-yielding gold, while gold ETFs faced sustained capital outflows. The sector declined broadly, with Zijin Gold International down 6.77%, Lingbao Gold down 6.81%, Zhaojin Mining down 6.80%, Shandong Gold down 5.34%, and China Gold International down 4.22%.

Deutsche Bank recently cut its Q3 gold price forecast by over 22% to $4,300/oz and its Q4 forecast by 17% to $4,800/oz, citing growing investor caution over US monetary policy outlook and weakening investment demand for gold. However, some brokerages note that bearish gold positioning is becoming crowded and current sector valuations already reflect pessimistic expectations, suggesting limited further downside.

(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.)