On September 16, SD GOLD rose 3.17% in regular trading, trading at HK$24.1/share, with turnover of HK$126 million.
On the news front, the U.S. Federal Reserve's September FOMC meeting convened today, with the market pricing in approximately 87% probability of a 25-basis-point rate hike. Institutional analysts noted that if the Fed delivers the widely expected hike but strikes a relatively dovish tone, markets may trade on a classic buy-the-fact pattern — the removal of policy uncertainty combined with expectations that real interest rates have peaked could open a window for a near-term gold price recovery.
The broader gold sector rallied in tandem. Within the Gold sector, LINGBAO GOLD rose 4.76%, CHIFENG GOLD gained 4.16%, ZIJIN GOLD INTL advanced 3.08%, CHINAGOLDINTL climbed 2.26%, and ZHAOJIN MINING added 1.68%. The rebound follows a sharp selloff on September 15 when U.S. 10-year Treasury yields breached 5% and spot gold fell below $4,300/oz, pressuring the entire precious metals complex.
(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.)