Understanding the Market | CHINAGOLDINTL rises over 3% to a new high as expectations for U.S. interest rate cuts continue to heat up; the company's Jiamar Mine has significant future expansion potential
CHINAGOLDINTL rose over 3%, reaching a high of HKD 134.8, setting a new historical high. As of the time of publication, it was up 3.7%, reported at HKD 134.6, with a transaction volume of HKD 362 million. On the news front, recent expectations for interest rate cuts have continued to heat up, and the overnight U.S. PPI data fell short of expectations, further supporting the case for the Federal Reserve to cut rates. Following the data release, traders increased their bets on a 50 basis point rate cut by the Federal Reserve in September. Additionally, according to CCTV News, on September 10 local time, U.S. President Trump criticized Federal Reserve Chairman Powell again on his social media platform "Truth Social," urging for immediate and significant rate cuts. Currently, the market is awaiting guidance from the U.S. August CPI data tonight. Industrial Securities previously indicated that with rising expectations for Federal Reserve rate cuts, they are optimistic about the upward movement of gold and copper price centers in the medium to long term. The Changshanhao Gold Mine's production has stabilized, and the Jiamar Mine plans to put the third tailings pond into production in H1 2027 while working to increase mining license capacity, which is expected to restore production to levels before tailings overflow. China Merchants Securities also stated that the Jiamar Mine has significant potential for future expansion. Furthermore, the company is conducting exploration work in the Bayi Ranch and Zhegu Langbei exploration areas, which have shown great resource potential and are expected to support larger-scale expansions in the future
According to Zhitong Finance APP, CHINAGOLDINTL (02099) rose over 3%, reaching a historical high of HKD 134.8. As of the time of publication, it was up 3.7%, reported at HKD 134.6, with a transaction volume of HKD 362 million.
On the news front, recent expectations for interest rate cuts have continued to heat up, and the overnight U.S. PPI data fell short of expectations, further supporting the case for the Federal Reserve to cut rates. Following the data release, traders increased their bets on a 50 basis point rate cut by the Federal Reserve in September. Additionally, according to CCTV News, on September 10 local time, U.S. President Trump criticized Federal Reserve Chairman Powell again on his social media platform "Truth Social" and urged for immediate significant rate cuts. Currently, the market is awaiting guidance from tonight's U.S. August CPI data.
Industrial Securities previously indicated that the expectations for Federal Reserve rate cuts are heating up, and they are optimistic about the upward movement of gold and copper price centers in the medium to long term. The Changshanhao Gold Mine has stabilized its production recovery, and the Jiamar Mine is planning to put into production the third phase of the tailings pond in H1 2027 and is working to increase the capacity of its mining license, at which point production is expected to return to levels before tailings overflow. China Merchants Securities also stated that the Jiamar Mine has significant potential for future expansion. In addition, the company is conducting exploration work in the Bayi Ranch and Zhegulangbei exploration areas, which have shown great resource potential and are expected to support larger-scale expansions in the future
