Xinhua News Agency, June 15, Shandong Gold, Shengda Resources, and Chifeng Gold fell more than 5 percent, while China Gold, Sichuan Gold, Yintai Gold, and Western Gold followed suit. On the face of the news, the Fed announced that it would suspend interest rate hikes in June, but market participants generally believe that the Fed's interest rate hike cycle is not over, and the gold and silver market as a whole is still plagued by interest rate hikes in the short term.