The easing of the situation in the US and Europe reduces the demand for gold as a safe haven, and ZIJIN MINING falls nearly 4%
After U.S. President Trump withdrew the threat of tariffs on European countries and stated that a future agreement framework has been reached regarding Greenland, gold prices ended a three-day rising streak, with February gold falling 0.94% to $4,791.8, and spot gold also dropping 1% to $4,784.05.
Hong Kong gold mining stocks faced selling pressure today (22nd), with ZIJIN MINING (02899.HK) currently at HKD 39.3, down 3.96%. Zhaojin Mining (01818.HK) is currently at HKD 37.96, down 5.1%. Shandong Gold (01787.HK) is currently at HKD 44.76, down 2.91%. China Gold International (02099.HK) is currently at HKD 201, down 1.95%. Lingbao Gold (03330.HK) is currently at HKD 23.62, down 4.29%
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