--- title: "Understanding the Market | ZHAOJIN MINING rose over 8% in the afternoon as interest rate cut expectations combined with central bank gold purchases boosted gold prices, making offshore gold mines a core growth point" type: "News" locale: "en" url: "https://longbridge.com/en/news/281984738.md" description: "ZHAOJIN MINING rose over 8% in the afternoon, and as of the time of writing, it was up 7.64%, trading at HKD 34.96, with a transaction volume of HKD 552 million. In terms of news, a conditional ceasefire was reached between the U.S. and Iran for two weeks, leading to a decrease in market concerns about stagflation and a renewed expectation of interest rate cuts by the Federal Reserve. The pressure on gold and silver caused by high oil prices has been released. Additionally, the latest data released by the People's Bank of China shows that by the end of March 2026, the official gold reserves stood at 74.38 million ounces, an increase of 160,000 ounces from the end of the previous month, marking the first month since March 2025 with an increase of over 100,000 ounces. First Shanghai released a research report stating that ZHAOJIN MINING is currently in the best development opportunity period in its history. The performance explosion in 2025 validates the strong profitability of its existing business, while the expected production of at least 15 tons of gold from the offshore gold mine by 2028 will open up unparalleled growth space for the future. The company's profits are expected to reach 7.8 billion, 9.3 billion, and 17 billion yuan from 2026 to 2028, making it a core target in the gold sector with high certainty and strong growth potential, possessing long-term strategic allocation value" datetime: "2026-04-08T06:25:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281984738.md) - [en](https://longbridge.com/en/news/281984738.md) - [zh-HK](https://longbridge.com/zh-HK/news/281984738.md) --- # Understanding the Market | ZHAOJIN MINING rose over 8% in the afternoon as interest rate cut expectations combined with central bank gold purchases boosted gold prices, making offshore gold mines a core growth point According to Zhitong Finance APP, ZHAOJIN MINING (01818) rose over 8% in the afternoon, and as of the time of writing, it was up 7.64%, trading at HKD 34.96, with a transaction volume of HKD 552 million. On the news front, the U.S. and Iran have reached a conditional ceasefire for two weeks, leading to a decrease in market concerns about stagflation and a renewed expectation for interest rate cuts by the Federal Reserve. The pressure on gold and silver caused by high oil prices has been alleviated. Additionally, the latest data released by the People's Bank of China shows that as of the end of March 2026, official gold reserves stood at 74.38 million ounces, an increase of 160,000 ounces from the end of the previous month, marking the first month since March 2025 that the increase exceeded 100,000 ounces. First Shanghai released a research report stating that ZHAOJIN MINING is currently in the best development opportunity period in its history. The performance explosion in 2025 validates the strong profitability of its existing business, while the expected production of at least 15 tons of gold from the marine gold mine by 2028 will open up unparalleled growth space for the future. It is expected that the company's profits from 2026 to 2028 will reach 7.8 billion, 9.3 billion, and 17 billion yuan, respectively. 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