On October 2, CHIFENG GOLD fell 4.24% in regular trading, trading at HK$34.78/share, with turnover of approximately HK$7.21 million. The decline came amid a broad selloff across the precious metals sector driven by surging US bond yields and a strengthening dollar.

On the macro front, COMEX gold futures previously plunged 4% to $4,148.50/oz, while the 10-year US Treasury yield climbed to 5.25%, the highest level since 2007. The US dollar index broke above 102, creating a dual headwind for zero-yield assets like gold. Stronger-than-expected US ADP employment and initial jobless claims data further reinforced market expectations that the Federal Reserve will maintain elevated interest rates, with the probability of an additional 25-basis-point hike in October estimated at around 71%.

The gold sector declined broadly, with SD GOLD down 4.06%, LINGBAO GOLD down 4.33%, ZHAOJIN MINING down 3.66%, CHINAGOLDINTL down 2.36%, and ZIJIN GOLD INTL down 1.27%.

(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.)