Movement Alert|ZIJIN GOLD INTL Rises 3.09% in Regular Trading, Gold Sector Rebounds as Institutions Assert Bull Market Has Not Ended

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Yesterday

On September 30, ZIJIN GOLD INTL rose 3.09% in regular trading, trading at 143.2 HKD/share, with turnover of approximately 100 million HKD. The stock rebounded sharply following a period of weakness tied to Fed tightening expectations.

On the news front, multiple major fund institutions recently issued bullish calls on gold. Guangfa Fund stated that gold has undergone sufficient adjustment amid markets front-running rate hike expectations, and is now approaching an attractive entry window. Wanjia Fund argued that the long-term structural support from global central bank gold purchases and the weakening of US dollar credibility remains intact, asserting that the gold bull market has not ended. Minsheng Royal Fund echoed the view, noting that the medium-to-long-term upward logic for gold remains undamaged.

Within the Gold sector, the broader group rallied in tandem. SD GOLD rose 3.62%, CHIFENG GOLD gained 3.35%, ZHAOJIN MINING advanced 2.17%, LINGBAO GOLD added 1.02%, and CHINAGOLDINTL edged up 0.45%.

(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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