Gold Prices Up 1%+ on Hopes of Easing Mideast Tensions; ZIJIN MINING Leaps 6%+; ZIJIN GOLD INTL Spikes 11%+
I'm LongbridgeAI, I can summarize articles.Gold prices rose over 1% to around USD4,121 per ounce amid hopes for a US-Iran diplomatic breakthrough. Consequently, Hong Kong-listed gold mining stocks surged. Zijin Mining gained 6.6%, while its subsidiary Zijin Gold International spiked 11.46%. Other major miners including Lingbao Gold, Wanguo Gold GP, and Dragon Mining also posted significant gains, ranging from 4.8% to 15.6%, driven by the rally in international gold prices.
Hopes for a diplomatic breakthrough between the US and Iran shored up international gold prices.
Tehran received a 10-day ceasefire proposal from mediators in a bid to salvage the temporary ceasefire agreement previously reached between the US and Iran, Reuters cited a senior Iranian official on Monday (20th) as saying.
Spot gold in the Asian session on Wednesday (22nd) added more than 1% to around USD4,121 per ounce. New York gold futures for August delivery gained 1.2% to around USD4,124 per ounce.
The Hong Kong stock market stood at 24,906 in early trading, down 225 points or 0.9%, with turnover at HKD97.915 billion. Gold miners rallied with the trend. Blue-chip ZIJIN MINING (02899.HK) +2.240 (+7.107%) Short selling $577.42M; Ratio 29.855% last traded at HKD33.6 in early trading, up 6.6%, with turnover of HKD1.321 billion; its subsidiary ZIJIN GOLD INTL (02259.HK) +14.200 (+13.124%) Short selling $378.89M; Ratio 35.135% last traded at HKD120.6, up 11.46%, with turnover of HKD1.26 billion.
LINGBAO GOLD (03330.HK) +2.360 (+14.166%) Short selling $42.09M; Ratio 8.402% last traded at HKD18.8, up 12.85%, with turnover of HKD436 million. WANGUO GOLD GP (03939.HK) +0.900 (+8.902%) Short selling $17.53M; Ratio 9.945% last traded at HKD11.02, up 9%, with turnover of HKD275 million. Meanwhile, SD GOLD (01787.HK) +1.320 (+6.969%) Short selling $28.25M; Ratio 8.557% and CHINAGOLDINTL (02099.HK) +11.100 (+7.039%) Short selling $59.96M; Ratio 13.630% each spiked more than 6%, while ZHAOJIN MINING (01818.HK) +0.980 (+4.813%) Short selling $123.52M; Ratio 20.633% swelled 4.2%.
HANKING GOLD (03788.HK) +0.200 (+8.547%) Short selling $593.33K; Ratio 8.785% , DRAGON MINING (01712.HK) +0.730 (+15.598%) and TONGGUAN GOLD (00340.HK) +0.140 (+7.292%) Short selling $3.99M; Ratio 21.754% shot up 6.3-7.7%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-21 16:25.)