The decline in international gold prices has led to a widespread drop in Golden Industrial Concept stocks, with Chifeng Jilong Gold Mining (06693) falling by 4.04%.
Jinwu Financial News | Golden Industrial Concept stocks experienced a general decline, with Chifeng Jilong Gold Mining (06693) down 4.04%, TONGGUAN GOLD (00340) down 2.50%, CHINAGOLDINTL (02099) down 2.43%, Zijin Mining Group (02899) down 1.70%, ZHAOJIN MINING (01818) down 1.49%, SD GOLD (01787) down 1.48%, and LINGBAO GOLD (03330) down 1.21%. On the news front, there are signs of easing tariffs between the U.S. and China, with international gold prices declining. The New York futures gold closed at 3306 dollars, down 2.5%.
Northbound capital trend | Northbound capital recorded a net Sell of 2.385 billion, continuing to buy shares of China Construction Bank Corporation (00939) and selling Semiconductor Manufacturing International Corporation (00981) for nearly 0.7 billion Ho
On May 8, in the Hong Kong stock market, the northbound capital had a net outflow of 2.385 billion HK dollars, with SH->HK Connect having a net outflow of 1.097 billion HK dollars, and SZ->HK Connect having a net outflow of 1.288 billion HK dollars.
Hong Kong stocks fluctuate | The Golden Industrial Concept continues to rise as the central bank increases its Shareholding in gold for six consecutive months. Institutions say gold may break through the Range in the second half of the year.
The Golden Industrial Concept continues its upward trend. As of the time of this report, LINGBAO GOLD (03330) is up 3.98%, priced at 9.41 HKD; Chifeng Jilong Gold Mining (06693) is up 2.62%, priced at 29.35 HKD; SD GOLD (01787) is up 1.24%, priced at 24.55 HKD; ZHAOJIN MINING (01818) is up 0.31%, priced at 19.32 HKD.
Chifeng Jilong Gold Mining Co.,Ltd.'s (SHSE:600988) Largest Shareholders Are Individual Investors With 49% Ownership, Institutions Own 27%
Zhongyou Securities: With easing expectations of tariffs, Gold may welcome an opportunity to go long at the bottom.
The shadow of tariffs from the Trump administration still looms, and the essence of the shrinking trade deficit is the decline in Bid for US debt. The probability of rising long-term bond rates in the USA increases, highlighting the allocation value of Gold.
Is the golden bull coming back? Gold prices return to 3,300 USD, Chifeng Jilong Gold Mining surges over 11% leading the market.
① Why did Trump's increase in import tariffs on films become a catalyst for the rise in Gold? ② Does the explosive growth in gold mining company's performance have sustainability?
【Brokerage Focus】Galaxy Securities: After the Federal Reserve lowers interest rates, Gold is expected to rise above 3700 dollars.
Jinwu Finance | Galaxy Securities stated that a breakthrough in Gold's Range may require waiting for the USA Federal Reserve to cut interest rates or for a surge in physical Gold demand. In the future, further observation is needed on the USA economic situation, whether it is stagflation or recession. If stagflation occurs and the Federal Reserve does not cut interest rates, then Gold is likely to exhibit an upward fluctuation. If a recession begins, Gold will adjust along with other CSI Commodity Equity Index until the Federal Reserve starts cutting rates. The fluctuation Range of Gold has been systematically raised to between $3,150 and $3,550, and after the Federal Reserve cuts rates, Gold is expected to rise above $3,700. Additionally, strong physical Gold demand may lead to another surge in Gold in the second half of the year.
Statistics on the fluctuation of the Hong Kong Stock Connect ratio | May 5
Statistics on the changes in the proportion of Zhito Hong Kong Stock Connect | May 2, 2025
Hong Kong stocks closed (05.02) | The Hang Seng Index rose by 1.74%, with strong performance in Technology and Autos stocks. XIAOMI-W (01810) surged over 6%.
In May, the Hong Kong stock market welcomed a "red opening", with all three major indices strengthening today, and the Hang Seng TECH Index surged over 3%.
International gold prices have fallen, dragging Golden Industrial Concept stocks down, with Chifeng Jilong Gold Mining (06693) dropping 4.51%.
King Wu Financial News | Golden Industrial Concept stocks fell overall, Chifeng Jilong Gold Mining (06693) dropped 4.51%, TONGGUAN GOLD (00340) fell 4.2%, LINGBAO GOLD (03330) dropped 2.69%, ZHAOJIN MINING (01818) decreased by 2.38%, and CHINAGOLDINTL (02099) declined by 0.88%. However, Zijin Mining Group (02899) increased by 3.77%. In terms of news, the market is focused on the upcoming non-farm payroll report to determine the economic outlook, and due to the easing of trade war tensions, international gold prices fell last night, with New York futures gold closing at $3222.2 per ounce, down.
Statistics on the proportion change of Zhiyuan Hong Kong Stock Connect | May 2nd
Statistics on the abnormal changes in Hong Kong Stock Connect proportion | April 30, 2025
CHIFENG GOLD: 2024 Annual Report
Statistics on the change in the proportion of Hong Kong Stock Connect on May 1.
Statistics on the abnormal changes in Hong Kong Stock Connect proportion | April 30, 2025
Hong Kong stocks movement | The Golden Industrial Concept continues to decline as recent international gold prices experience a Top Reversal. Institutions indicate that the medium to long-term upward trend remains unchanged.
Golden Industrial Concept continues to decline. As of the time of this report, Chifeng Jilong Gold Mining (06693) is down 4.94%, reported at 26 Hong Kong dollars; PERSISTENCE RES (02489) is down 4.17%, reported at 1.15 Hong Kong dollars; LINGBAO GOLD (03330) is down 3.41%, reported at 8.51 Hong Kong dollars.
Hong Kong stock fluctuation | Chifeng Jilong Gold Mining (06693) fell over 5% after earnings, yet the cumulative increase for the month is still nearly 60%, driven by rising gold prices leading to a more than 1.4 times increase in net income for the first
Chifeng Jilong Gold Mining (06693) fell more than 5% after the performance report, but its cumulative increase for the month is still close to 60%. As of the time of writing, it has fallen by 5.3%, priced at 25.9 Hong Kong dollars, with a turnover of 0.133 billion Hong Kong dollars.
Chifeng Jilong Gold Mining (06693, 600988.SH) achieved a new high in performance in the first quarter. When will the gold "bull market" come to an end?
With the recent market turmoil caused by Trump's tariff policy, can Chifeng Jilong Gold Mining maintain its dual strength in performance and stock price?
Chifeng Gold Report for the First Quarter of 2025
Express News | Chifeng Jilong Gold Mining Co Ltd - Qtrly Net Profit Attributable RMB483.4 Mln
CHIFENG GOLD: 2025 FIRST QUARTERLY REPORT
Hong Kong stocks are moving differently | Golden Industrial Concept stocks collectively weakened, with Wan Guo Gold Group (03939) falling over 5% as gold prices plummeted below the $3,300 mark.
The Golden Industrial Concept stocks collectively weakened. As of the time of writing, the Universal Gold Group (03939) fell by 5.3%, trading at 21.45 HKD; Chifeng Jilong Gold Mining (06693) dropped by 4.41%, at 27.1 HKD; LINGBAO GOLD (03330) decreased by 1.86%, at 8.98 HKD.