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Express News | Cailian Press – Midday News Digest, August 11
A-Share Market Movement | Gold-related stocks rise collectively, with Zijin Gold hitting the daily trading limit
GLONDS, July 30 | Gold-related stocks in the A-share market rose collectively, with Zhaojin Gold hitting the 10% daily trading limit, Shandong Gold International gaining more than 5%, Western Gold rising over 4%, and Shandong Gold, Laofengxiang, and Sichuan Gold all increasing by more than 3%. On the news front, the Federal Reserve announced on July 29 that it would maintain the federal funds rate unchanged at 3.50%–3.75%, marking its fifth consecutive hold since 2026. Following the announcement, U.S. Treasury yields declined and spot gold surged, briefly surpassing $4,100 per ounce.
Domestic gold jewelry prices rebounded to RMB 1,247 per gram.
Gelonghui, June 27 | Gold and silver prices rose, prompting domestic gold jewelry prices to follow suit. Today, Lao Feng Xiang's 24-karat gold jewelry was quoted at RMB 1,235 per gram, up RMB 15 from RMB 1,220 per gram the previous day. Chow Sang Sang's 24-karat gold jewelry was quoted at RMB 1,247 per gram, up RMB 20 from RMB 1,227 per gram the previous day.
Express News | Gold jewelry price per gram drops to RMB 1,241, falling RMB 27 overnight
Express News | Gold jewelry prices dropped another RMB 11 overnight.
Express News | Prices of domestic branded gold jewelry rise broadly; Chow Sang Sang's gold price rebounds to RMB 1,300