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A-Share Movers | Spot Gold Falls into "Technical Bear Market," Gold Concept Stocks Decline Collectively, CNBM Gold and Shandong Gold Drop Over 6%
The A-shares market’s gold concept stocks collectively declined, with Chifeng Gold hitting the daily limit down, Shan Jin International dropping over 8%, Sichuan Gold falling more than 7%, Zhongjin Gold, Shandong Gold, and Xiaocheng Technology dropping over 6%, and Hengbang Shares, Silvercorp, Jinhui Shares, Baoding Technology, Dengyun Shares, Shenda Resources, Hunan Silver, Shengtun Mining, Baodi Mining, and Zijin Mining falling more than 5%. On the news front, spot gold briefly fell nearly 4% this morning to $4,320.19 per ounce, hitting a new low since January 2, and down over 22% from the January 29 all-time high of $5,595.44 per ounce.