Movement Alert|SD GOLD Falls 3.05% in Regular Trading, Fed Rate Hike Hawkish Signal Continues to Pressure Gold Sector

Market Focus
Sep 21

On September 21, SD GOLD fell 3.05% in regular trading, trading at 22.32 HKD/share, with turnover of 218 million HKD. The decline extends a multi-session selloff triggered by the U.S. Federal Reserve's monetary policy decision.

On the news front, the Fed announced a 25-basis-point rate hike on September 17, lifting the benchmark rate to 3.75%–4.00% — its first increase in over three years. The latest dot plot signaled at least one more hike before year-end, with the median federal funds rate forecast for the end of the year revised up from 3.8% to 4.1%. The U.S. dollar index reclaimed the 100 level and the 10-year Treasury yield held at elevated levels, pushing real interest rates higher and weighing heavily on spot gold, which slipped to around 4,242 USD/oz.

The broader gold sector remained under pressure. Within the Gold sector, China Gold International fell 5.82%, Lingbao Gold fell 3.99%, Zijin Gold International fell 2.26%, Chifeng Gold fell 1.61%, and Zhaojin Mining fell 1.59%. Notably, international asset manager BlackRock recently raised its stake in SD GOLD H-shares to 6.22%, while the company's first-half attributable profit rose 26.17% year-on-year to approximately 3.54 billion yuan, reflecting resilient earnings despite macro headwinds.

(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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