According to the statistics from the State Administration of Foreign Exchange on May 7, as of the end of May, China's gold reserves remained unchanged at 72.8 million ounces, which had been rising continuously for 18 months. In addition, the US added 272,000 nonfarm payrolls in May, far exceeding expectations, which cooled expectations of cutting interest rates this year. Under the double blow of unfavorable news from China and the US, gold mining stocks were significantly under pressure today (11th), and the Zhaojin Mining Group (01818.HK) opened lower by 5.2% today and fell further, hitting a low of 13.44 yuan and currently reporting at 13.44 yuan, which is a drop of 10.99%, with a turnover of 9.7286 million shares, involving 135 million yuan.

Zijin Mining (02899.HK) hit a low of 16.46 yuan, currently reporting at 16.48 yuan, down 5.83%. Chinagoldintl (02099.HK) hit a low of 49.7 yuan, currently reporting at 49.85 yuan, down 7.17%. Lingbao Gold (03330.HK) hit a low of 3.09 yuan, currently reporting at 3.1 yuan, down 5.78%. SD Gold (01787.HK) hit a low of 16.38 yuan, currently reporting at 16.44 yuan, down 7.43%.