BUZZ-Zijin Mining leads slide in gold miners tracking softer bullion prices

Reuters
2024-11-07

** Hong Kong shares of Zijin Mining 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 fall 2.2%

** Hong Kong-listed shares of Shandong Gold Mining fall 2.1% and Shanghai stock down 3.8%

** Lingbao Gold slips 0.9%

** In China, blue-chip CSI 300 Index climbs 0.7% and Shanghai Composite Index gains 0.9%

** In Hong Kong, material index adds 0.03% and Hang Seng Index rises 1.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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