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Gold Busts Below USD4,000 as Gold Miners Under Broad Pressure; ZIJIN MINING Slumps 6%+
2026-06-25 10:00:39 Expectations of US interest rate hikes intensified, with the market awaiting the US May PCE data to be released tonight Hong Kong time, which is closely watched by the Federal Reserve. Spot gold busted below USD4,000 per ounce overnight (24th). During the Asian session this morning (25th), it remained under pressure, last down 0.56% at USD3,977.21 per ounce, setting a near eight-month trough since early November 2025. Gold futures for August delivery also sank below the USD4,000 mark, down 0.31% at USD3,996.2 per ounce. Hong Kong-listed gold miners came under pressure in early trading. Blue chip ZIJIN MINING (02899.HK) last reported at HKD27.52, hitting a near ten-month trough since early September 2025, down 6.52%. ZHAOJIN MINING (01818.HK) was last at HKD16.69, marking a more than one-year low, down 8.45%. HANKING GOLD (03788.HK), DRAGON MINING (01712.HK), TONGGUAN GOLD (00340.HK), CHIFENG GOLD (06693.HK), WANGUO GOLD GP (03939.HK), ZIJIN GOLD INTL (02259.HK), LINGBAO GOLD (03330.HK), SD GOLD (01787.HK) and CHINAGOLDINTL (02099.HK) all plummeted about 6-9%. ~ AASTOCKS Financial News Website: www.aastocks.com | |