Changes in Hong Kong stocks | Datang Gold (08299) rose nearly 6%, the Federal Reserve raised interest rates or was seen as a short-term downfall, and the company's AI prospecting technology entered the practical verification stage

The Zhitong Finance App learned that Datang Gold (08299) rose nearly 6%. As of press release, it had risen 3.85% to HK$0.27, with a turnover of HK$10,817,600.

According to the news, in the early morning of September 17, the Federal Reserve will announce the interest rate decision for the September interest rate meeting. The market is still focusing on the guidance of future interest rate hikes at the upcoming Federal Reserve interest rate meeting to determine whether this rate hike is a “hawkish rate hike” or a “dovish rate hike.” BOC Securities believes that if only 25 bp interest rate hikes are implemented at this conference, the policy statement adheres to the principle of data dependency, and the bitmap does not drastically raise the interest rate hike path, this interest rate hike will be preventive regulation. Short-term gaps will be fully released, and the market is expected to usher in a turning point of repair.

It is worth noting that Datang Gold's subsidiary is continuing to promote the application of AI in the field of gold and non-ferrous metals mining. Previously, it had launched a “gold exploration AI agent” specially designed for gold geological exploration. According to reports, from the official announcement to the AI mine research and development field in 2025, AI prospecting technology has developed rapidly in less than a year. It has surpassed theoretical development, begun to be integrated with actual gold exploration projects, and entered the practical verification stage. It is expected to reduce exploration costs, improve prospecting efficiency, and provide Datang Gold's differentiated competitiveness at the technical level to increase resource reserves. Recently, the company's acquisition of the Ningshan gold mine was officially completed. The total design capacity of the two beneficiation plants reached 1,500 tons/day, and the potential production capacity could reach 2,000 tons/day.