Movement Alert|ZIJIN GOLD INTL Rises 3.02% in Regular Trading, Gold Sector Rebounds Ahead of Fed Rate Decision as Institutions Call Hike Fully Priced In

Market Focus
2 hours ago

On September 16, ZIJIN GOLD INTL rose 3.02% in regular trading, trading at 161.1 HKD/share, with turnover of HKD 242 million. The stock rebounded sharply following the previous session's 3.11% decline.

On the news front, the Federal Reserve's September rate decision meeting is being held on September 15-16. CME data shows that the market has priced in a 25-basis-point rate hike with a probability exceeding 92%, indicating that the tightening expectation has been fully absorbed. Institutions suggest that the actual rate hike could mark a classic \"sell the rumor, buy the news\" event, triggering a broad rebound across the gold sector.

Within the Gold sector, LINGBAO GOLD rose 4.85%, CHIFENG GOLD rose 4.32%, SD GOLD rose 3.25%, CHINAGOLDINTL rose 2.34%, and ZHAOJIN MINING rose 1.58%. Meanwhile, the People's Bank of China has extended its gold reserve accumulation to 22 consecutive months, with holdings reaching 76.73 million ounces as of August, providing structural demand support for gold prices.

Fundamentally, ZIJIN GOLD INTL reported first-half revenue of USD 3.987 billion, up 99.67% year-over-year, with net profit surging 178.83% to USD 1.451 billion, driven by higher gold prices and a 44% increase in gold output to 27.3 tonnes. Multiple brokerages maintain \"Buy\" ratings on the stock.

(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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