---
title: "Zhaojin Mining plunges over 10% on gold price collapse"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290771105.md"
description: "Zhaojin Mining fell 10.37% in Hong Kong trading to $2.09, creating a 52-week low as spot gold prices broke below $4000."
datetime: "2026-06-25T03:41:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290771105.md)
  - [en](https://longbridge.com/en/news/290771105.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290771105.md)
---

# Zhaojin Mining plunges over 10% on gold price collapse

Zhaojin Mining (1818.HK) plunged 10.37% during regular trading to HK$16.400, marking a 52-week low with turnover of HK$341 million.

The decline came after spot gold prices lost the key $4000 level to trade at $3977.21 amid rising US rate hike expectations and PCE data release. Hong Kong gold miners faced broad pressure with Zijin Mining falling over 6% to near ten-month lows while Shandong Gold and Lingbao Gold dropped 6% to 9%. Deutsche Bank earlier cut its Q3 gold price forecast by 22% to $4300, further dampening sector sentiment.

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