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Hong Kong stocks fluctuate | The Golden Industrial Concept leads the decline as the USA sends signals of trade easing, and international gold prices plummet after hitting a new high.
The Golden Industrial Concept stocks are declining significantly. As of the time of writing, PERSISTENCE RES (02489) is down 10.61%, trading at 1.18 HKD; Chifeng Jilong Gold Mining (06693) is down 8.53%, trading at 29.5 HKD; SD GOLD (01787) is down 7.59%, trading at 23.75 HKD.
PERSISTENCE RES: 2024 Annual Report
Hong Kong stocks fluctuated | Golden Industrial Concept generally turned down LINGBAO GOLD (03330) fell over 5% Chifeng Jilong Gold Mining (06693) fell over 4%
Golden Industrial Concept opened higher in the morning but has generally turned down. As of the time of writing, TONGGUAN GOLD (00340) fell by 5.71%, trading at 1.32 Hong Kong dollars; LINGBAO GOLD (03330) dropped by 5.49%, trading at 9.47 Hong Kong dollars.
International gold prices fell overnight, and Golden Industrial Concept stocks generally declined. TONGGUAN GOLD (00340) decreased by 4.89%.
Golden Industrial Concept fell broadly, with TONGGUAN GOLD (00340) down 4.89%, LINGBAO GOLD (03330) down 3.47%, ZHAOJIN MINING (01818) down 3.00%, PERSISTENCE RES (02489) down 3.08%, SD GOLD (01787) down 2.47%, Zijin Mining Group (02899) down 2.32%, and CHINAGOLDINTL (02099) down 0.65%. Last night, international gold prices slightly retreated, with New York futures gold closing at 3,226.3 USD per ounce, a decline of about 0.6%. However, Goldman Sachs previously stated that it still maintains the Target Price for gold in 2025.
There's Reason For Concern Over Persistence Resources Group Ltd's (HKG:2489) Massive 46% Price Jump
Hong Kong stock fluctuation | PERSISTENCE RES (02489) rose over 19% during the session, reaching a new high since its listing. The company is the third-largest Gold mining operator in ShanDong.
PERSISTENCE RES (02489) increased by over 19% during trading, reaching a high of 1.1 Hong Kong dollars, a new high since its listing. As of the time of publication, it rose 16.3%, reported at 1.07 Hong Kong dollars, with a transaction volume of 5.1922 million Hong Kong dollars.
