ZHAOJIN MINING (01818): "24 ZHAOJIN SCP007" will mature and be redeemed on March 18.
ZHAOJIN MINING (01818) announced that the seventh phase of ultra-short-term financing bonds issued by the company for the year 2024 will be on 20...
ZHAOJIN MINING (01818.HK) plans to hold a Board of Directors meeting on March 21 to approve the annual performance.
On March 11, Gronghui reported that ZHAOJIN MINING (01818.HK) announced that the Board of Directors will hold a meeting on Friday, March 21, 2025, to review and approve (including) (1) the annual performance for the year ending December 31, 2024, for the company and its subsidiaries; (2) to release the group's annual performance for the year ending December 31, 2024; and (3) to announce and distribute dividends for the year ending December 31, 2024 (if any).
ZHAOJIN MINING: NOTICE OF BOARD MEETING
International gold prices were under pressure last night, and Golden Industrial Concept stocks generally fell.
Kingwo Financial News | Golden Industrial Concept stocks experience widespread declines, with LINGBAO GOLD (03330) down 11.24%, CHI SILVER GP (00815) down 4.11%, Zijin Mining Group (02899) down 3.84%, ZHAOJIN MINING (01818) down 3.40%, TONGGUAN GOLD (00340) down 2.63%, SD GOLD (01787) down 1.67%, and CHINAGOLDINTL (02099) down 1.02%. On the news front, the market is awaiting the release of inflation data from the USA this week. Recently, international gold prices were under pressure, with New York futures gold settling at $2899.4 per ounce, down 0.5%. Shen Yin
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In the future, the Gold market may still experience temporary fluctuations. However, there are indications that over time, the depth and liquidity of the Gold market are sufficient to withstand most shocks.
By the end of February, both the scale of foreign reserves and Gold reserves have slightly increased. With high gold prices, experts remind to weigh profits against risks.
① As of the end of February, China's Forex reserves amounted to 3,227.2 billion USD, an increase of 18.2 billion USD compared to the end of January. The decline in the USD roughly drove the rise in the prices of non-USD assets in China's foreign reserves by about 10 billion USD; ② At the end of February, the People's Bank of China held 73.61 million ounces of Gold, an increase of 0.16 million ounces compared to the end of January.
In February, China's Forex reserves increased, and the central bank expanded its Gold reserves for four consecutive months.
As of the end of February, China's Gold reserves were 73.61 million ounces, an increase from 73.45 million ounces at the end of January, showing a growth of 0.22%. As of the end of February 2025, China's Forex reserves stood at $3227.2 billion, an increase of $18.2 billion from the end of January, representing a growth of 0.57%.
In January, the USA experienced a "Gold flood" in its trade deficit, with finished Metal imports accounting for sixty percent of the increase.
In January, the USA's import value of various Commodities reached a record 329.5 billion USD, an increase of 36 billion USD compared to the previous month, with the import of finished metals, including Precious Metals bars, accounting for nearly 60% of the month's increase in Commodity imports.
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Gold Futures Mostly Higher At Close As US Dollar Weakens
The "gold bar" Trade in the USA has nearly stopped, with a significant narrowing of the price difference between COMEX and London futures.
Currently, the USA Gold reserves have reached a four-year high, and the ample inventory has reduced arbitrage opportunities; however, the high storage costs in New York may lead to Gold flowing back to London or other areas.
Gold Holds Near Record High As Tariff Uncertainty Fuels Demand
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Gold Futures Surge At Close As Us Tariffs Strike Canada, Mexico And China