Zijin Mining leads slide in gold miners tracking softer bullion prices

Lingbao Gold

07/11/2024 04:52

** Hong Kong shares of Zijin Mining  2899.HK  fall as much
as 5.4% to HK$15.76, lowest since Sept. 20
    ** Zijin Mining leads slide in gold mining stocks, tracking
softer gold prices
    ** Gold prices touched a more than three-week low on
Thursday, as the dollar strengthened after Donald Trump's win in
the U.S. presidential election, while focus was also on the
Federal Reserve's interest rate decision later in the day
    ** Traders expect the Fed to cut interest rates by 25 basis
points at the end of the policy meeting on Thursday, Chair
Jerome Powell's statement will be closely watched for any
guidance on the future rate path
    ** Zijin Mining's Shanghai shares  601899.SS  fall 2.2% 
    ** Hong Kong-listed shares of Shandong Gold Mining  1787.HK 
fall 2.1% and Shanghai stock  600547.SS  down 3.8%
    ** Lingbao Gold  3330.HK  slips 0.9%
    ** In China, blue-chip CSI 300 Index  .CSI300  climbs 0.7%
and Shanghai Composite Index  .SSEC  gains 0.9%
    ** In Hong Kong, material index  .HSCIM  adds 0.03% and Hang
Seng Index  .HSI  rises 1.2%


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