
Gold prices have fallen 4% from their recent highs, with ZHAOJIN MINING down nearly 10% and ZIJIN MINING down nearly 9%
Gold prices have retreated after reaching a historic high, with spot gold currently down 4% to $5,159.07 per ounce, nearly an 8% drop from its peak. February gold futures fell 3.45% to $5,134.8 per ounce. The U.S. dollar index rose 0.5% to 96.64.
Gold mining stocks led the decline today, with ZHAOJIN MINING (01818.HK) currently at HKD 36.32, down 9.65%. ZIJIN MINING (02899.HK) issued $1.5 billion in convertible bonds, currently priced at HKD 42.08, down 8.8%. SD GOLD (01787.HK) is currently at HKD 45.08, down 12.72%. LINGBAO GOLD (03330.HK) is currently at HKD 23.22, down 8.15%. CHINAGOLDINTL (02099.HK) is currently at HKD 209.4, down 8.24%.
As for gold ETFs, SPDR Gold ETF (02840.HK) is currently at HKD 3,705, down 6.93%. Hang Seng Gold ETF (03170.HK) is currently at HKD 16.31, down 6.48%

