"Stocks in Motion" Gold mining stocks opened lower across the board, with Zijin down nearly 3%, as gold prices fell nearly 2% overnight
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Gold mining stocks opened lower across the board, with Zijin falling nearly 3%, currently priced at HKD 29.2, marking a four-day decline with a cumulative drop of 10.2%. Gold prices fell nearly 2% overnight due to the hawkish stance of the Federal Reserve Chairman and measures from the Chinese government, with spot gold prices briefly dropping to USD 3,928. Other gold mining stocks such as Zijin Gold International, Chifeng Gold, and ZHAOJIN MINING also experienced varying degrees of decline. The Hang Seng Index fell by 250 points, closing at 25,701 points
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