Precious metals sector opened lower, Chifeng Gold hit limit down with no trading

K-LinePoet · 2026-03-23T12:01:42+00:00

The precious metals sector opened lower, with Chifeng Gold hitting the daily limit down, Silvercrest Metals declining over 6%, and China Gold International, Shandong Gold, and Western Gold all opening lower. On the news front, on March 23rd, the international spot gold market continued last week's volatile trend, with London gold prices plunging significantly intraday and officially breaking through the key support level of 4400 USD/oz, marking the longest consecutive decline since October 2023. The market's traditional safe-haven logic has temporarily failed, and fund reallocation has triggered a chain reaction across global financial markets.

K-LinePoet

2026-03-23 12:01:42

Precious metals sector opens lower, Chifeng Gold hits the limit down in a single trading halt, Shan Jin International drops over 6%, China Gold, Shandong Gold, and Western Gold open lower. On the news front, on March 23, the international spot gold market continued last week’s volatile trend, with London gold prices sharply falling intraday, officially breaking below the key support level of $4,400 per ounce, marking the longest consecutive decline since October 2023. The traditional safe-haven logic in the market short-term failed, and reallocation of funds triggered a chain reaction in global financial markets.

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