---
title: "Zhaojin Mining hits 52-week low as DB cuts gold price forecast"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290635726.md"
description: "Zhaojin Mining fell nearly 3% to HK$17.75, a 52-week low, on weaker gold price outlook from Deutsche Bank."
datetime: "2026-06-24T02:51:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290635726.md)
  - [en](https://longbridge.com/en/news/290635726.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290635726.md)
---

# Zhaojin Mining hits 52-week low as DB cuts gold price forecast

Zhaojin Mining (1818.HK) **fell** nearly **3%** during regular trading to **HK$17.75**, setting a new 52-week low, with turnover hitting **HK$124 million**.

The decline came after Deutsche Bank sharply cut its third and fourth-quarter gold price forecasts to **$4,300** and **$4,800** per ounce, respectively, citing cautious investor sentiment toward U.S. monetary policy and reduced demand for gold investments. The move weighed heavily on gold miners listed in Hong Kong, dragging Zhaojin Mining lower along the sector.

Additionally, the company executed a block trade before market open totaling approximately **HK$20.2 million**.

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