Non-ferrous stocks declined collectively. As of press release, Ganfeng Lithium (01772) fell 4.86% to HK$24.45; Lingbao Gold (03330) fell 4.71% to HK$3.24; and Jiangxi Copper (00358) fell 4.38% to HK$17.12.
The Zhitong Finance App learned that non-ferrous stocks were lower across the board. As of press release, Ganfeng Lithium (01772) fell 4.86% to HK$24.45; Lingbao Gold (03330) fell 4.71% to HK$3.24; Jiangxi Copper (00358) fell 4.38% to HK$17.12; and Luoyang Molybdenum (03993) fell 2.3% to HK$7.22.
According to the news, the latest minutes of the Federal Reserve meeting show that Federal Reserve officials need to continue to wait and see the inflation data in order to be more confident that inflation will fall to the target. After the minutes of the meeting were released, traders reduced their bets that the Federal Reserve would cut interest rates more than once this year. The hawks made a negative statement. Gold and silver dived in a straight line overnight. COMEX gold futures closed down 1.77% to $2382.3 per ounce; COMEX silver futures closed down 3.77% to $30.99 per ounce. Non-ferrous metals fell across the board. Lunn nickel plummeted by more than 4%, while copper, aluminum, and zinc all fell by more than 2%.