"A-Share Focus" Gold price falls below USD 4,000 per ounce, ZHONGJIN GOLD drops over 3%
Gold prices fell below USD 4,000 per ounce, as a strong dollar and reduced likelihood of U.S. interest rate cuts suppressed gold demand. ZHONGJIN GOLD dropped 3.4%, CHIFENG GOLD fell 3.3%, and SD GOLD decreased by 3%
According to the Economic News Agency on the 4th, gold prices have once again fallen below the $4,000 per ounce mark, as the US dollar remains strong, the likelihood of a rate cut in December has decreased, and the easing of trade tensions between China and the US has suppressed gold demand. The gold sector has declined, with ZHONGJIN GOLD (Shanghai: 600489) down 3.4%, CHIFENG GOLD (Shanghai: 600988) down 3.3%, SD GOLD (Shanghai: 600547) down 3%, and WESTERN GOLD (Shanghai: 601069), XIAOCHENG TECHNOLOGY (Shenzhen: 300139), and SHANJIN INTERNATIONAL (Shenzhen: 000975) also falling. (ry)
