On October 13, SD GOLD fell 3.23% in regular trading, trading at HK$18.26, with turnover of HK$46.6 million. The decline was driven by the dual pressure of hawkish signals from the Federal Reserve and a reduction in holdings by BlackRock, which weighed on the entire gold sector.

Disclosures show BlackRock reduced its long position in SD GOLD's H-shares from 6.52% to 5.58% on October 6, while its short position rose slightly to 0.92%. This marked the second consecutive reduction by the institutional investor, dampening market sentiment. Earlier, JPMorgan downgraded SD GOLD to underweight on October 9, citing regional safety inspections that led to a sharp downward revision in production guidance, with the impact expected to persist until 2027.

On the same day, the Federal Reserve's September meeting minutes released hawkish signals, with officials expecting further interest rate hikes before year-end. The US dollar and Treasury yields remained strong, putting pressure on precious metals valuations.

SD GOLD engages in the exploration, mining, smelting, and sales of gold and non-ferrous metals, and also produces and sells specialized mining equipment and building decoration materials.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)