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Hong Kong stocks fluctuate | Golden industrial concept generally rises. The unexpected slowdown in US CPI boosts expectations for rate cuts, and gold prices once again break through the $2400 mark.
As of press time, golden industrial concept stocks generally rose. Lingbao Gold (03330) rose 5.64%, with a reported price of HKD 3.56; China Gold International (02099) rose 3.14%, with a reported price of HKD 54.15; Zhaojin Mining (01818) rose 2.22%, with a reported price of HKD 15.64.
Zhaojin Mining Industry Company Limited's (HKG:1818) Largest Shareholders Are Private Companies Who Were Rewarded as Market Cap Surged HK$4.2b Last Week
Key Insights The considerable ownership by private companies in Zhaojin Mining Industry indicates that they collectively have a greater say in management and business strategy The top 2
Gold Rises to a Seven-Week High as the Dollar and Yields Tumble After U.S. Inflation Slowed Last Month
Gold traded at a seven-week high early on Thursday, spiking back above the US$2,400 mark for the first time since May 22 after U.S. consumer prices rose less than expected last month, sending the
HK stocks surge | Non-ferrous stocks rise as Powell's dovish talk reinforces expectations of interest rate cuts. Metals are expected to usher in a new round of business cycles.
According to the Intelligence Investment App, non-ferrous stocks rose today. As of press time, Ganfeng Lithium (01772) rose 8.12%, reporting HKD 17.04; Jiangxi Copper (00358) rose 4.88%, reporting HKD 16.34; Zhaojin Mining (01818) rose 4.23%, reporting HKD 15.28; CMOC Group Limited (03993) rose 3.46%, reporting HKD 7.77; Chinahongqiao (01378) rose 1.4%, reporting HKD 11.6. In terms of news, Fed Chairman Powell once again “released doves”. During his testimony in Congress, Powell mentioned that the Fed does not need to wait for inflation to fall to 2%.
Tracking Hong Kong stock concepts | The Fed does not need to wait for inflation to fall below 2% before lowering interest rates. Gold prices will have further drivers in the future. (Attached concept stocks)
Continuing to stay ahead of the expected rate cut by the Federal Reserve, industry insiders say that the adjustment in gold prices may provide a good buying opportunity.
Zhaojin Mining plans to issue 1 billion yuan commercial paper.
Zhaojin Mining (01818) announced that the company plans to issue the fifth ultra-short-term financing bonds for the year 2024 on July 11, 2024, with a total issuance amount of 1 billion yuan and a term of 90 days. The raised funds will be used to repay interest-bearing debts.
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