---
title: "Market Insight | International gold prices continue to be under pressure, with CHINAGOLDINTL and SD GOLD down 3% recently"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/216288644.md"
description: "Gold stocks continue to decline. As of the time of publication, CHINAGOLDINTL fell by 3.53% to HKD 31.45, SD GOLD fell by 3.33% to HKD 16.26, Zijin Mining fell by 2.79% to HKD 16.7, and Lingbao Gold fell by 1.74% to HKD 2.82. On the news front, as market expectations for a significant rate cut by the Federal Reserve cooled down, U.S. bond yields and the U.S. dollar index remained at two-month highs, putting pressure on precious metals. International gold prices fell by over 1% on Tuesday. New York Fed President Williams stated that the Fed is now \"in a good position\" to achieve a soft landing for the U.S. economy. He also hinted that after the 50 basis point rate cut in September, the Fed supports slowing down the pace of rate cuts. The current market focus is on the U.S. CPI data to be released on Thursday"
datetime: "2024-10-09T06:10:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/216288644.md)
  - [en](https://longbridge.com/en/news/216288644.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/216288644.md)
---

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# Market Insight | International gold prices continue to be under pressure, with CHINAGOLDINTL and SD GOLD down 3% recently

According to the information from the Wise Finance APP, gold stocks continue to decline. As of the time of publication, CHINAGOLDINTL (02099) fell by 3.53% to HKD 31.45; SD GOLD (01787) fell by 3.33% to HKD 16.26; Zijin Mining (02899) fell by 2.79% to HKD 16.7; Lingbao Gold (03330) fell by 1.74% to HKD 2.82.

On the news front, as market expectations for a significant rate cut by the Federal Reserve cooled down, U.S. Treasury yields and the U.S. dollar index continued to remain at two-month highs, putting pressure on precious metals. International gold prices fell by over 1% on Tuesday. Williams of the Federal Reserve mentioned that the Fed is now in a "favorable position" to achieve a soft landing for the U.S. economy. He also hinted that after the significant 50 basis point rate cut in September, the Fed supports slowing down the pace of rate cuts. The current market focus is on the U.S. CPI data to be released on Thursday

### Related Stocks

- [CHINAGOLDINTL (02099.HK)](https://longbridge.com/en/quote/02099.HK.md)
- [SD-GOLD (600547.CN)](https://longbridge.com/en/quote/600547.CN.md)
- [SD GOLD (01787.HK)](https://longbridge.com/en/quote/01787.HK.md)

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