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As Spot Gold Crosses USD4,000 for First Time, SD GOLD Swells 5%+
Recommend 6 Positive 12 Negative 6 |
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Spot gold crossed USD4,000 per ounce for the first time, currently rising 0.52% to USD4,005.67. Gold futures for December delivery went up 0.45% to USD4,022.4, given concerns over the U.S. economic outlook and the ongoing federal government shutdown. Year to date, gold prices have soared by over 50%. Saxo's Capital Market Strategist Charu Chanana stated that the breakthrough of USD4,000 is not only due to panic but also reflects a market reallocation of assets. Hong Kong-listed gold miners boomed today (8th) against the market trend. SD GOLD (01787.HK) last quoted at HKD41.8, up 5.34%, with a trading volume of 4.1336 million shares, involving HKD169 million. ZHAOJIN MINING (01818.HK) last traded at HKD33.74, up 2.24%. LINGBAO GOLD (03330.HK) last printed at HKD20.7, up 3.5%. CHINAGOLDINTL (02099.HK) last posted at HKD142.3, up 0.21%. ZIJIN MINING (02899.HK) last stood at HKD34.32, up 0.41%. AASTOCKS Financial News Website: www.aastocks.com |
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