Gold prices plummet, local gold mining stocks generally adjust with a decline of over 10% | Lianhe Zaobao
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After experiencing the most severe correction in a decade, gold mining stocks listed on the Singapore Exchange have generally retreated. China National Gold's stock price fell by 8.39%, Fangyuan Group dropped by 4.27%, and Silver Rich Group once fell by 2.8%. The Singapore dollar-denominated gold fund declined by 9.36%. Spot gold fell below USD 5,000 per ounce, with the market being volatile due to investor arbitrage, a strengthening dollar, and changes in the U.S. political landscape
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