Zhaojin Mining's HK shares hit 10-year high on firmer bullion prices

China Gold International Resources

24/03/2023 05:37

** Shares of Chinese gold miner Zhaojin Mining Industry Co
Ltd  1818.HK  rise as much as 7.7% to HK$12.56, their highest
since January 2013
    ** Stock on track for a second consecutive session of gains
and is the biggest pct gainer in Hang Seng Composite Index on
materials stocks  .HSCIM  
    ** Gold prices eased in range-bound trading on Friday due to
a firmer dollar with spot gold  XAU=  down 0.1% at $1,991.59 per
ounce, as of 0344 GMT, after two sessions of sharp gains while
investors digested the U.S. central bank's hints at a potential
pause in its rate-hike trajectory
    ** Gold shot over the $2,000-level to a one-year peak
earlier this week on safe-haven demand, but has since pulled
back from those levels
    ** Hong Kong shares Shandong Gold Mining  1787.HK  climb as
much as 2.9% to HK$16.26 and China Gold International Resources
 2099.HK  gains 2.4% to HK$30.25. Both stocks hit their highest
since Feb 2 
    ** Hang Seng Composite Index on materials stocks  .HSCIM 
climbs 0.1%, while Hang Seng Composite Index  .HSCI  and Hang
Seng Index  .HSI  both slip 0.2%


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))