Understanding the Market | ZIJIN GOLD INTL rose over 10% on the second day of its listing, reaching a new high. The company is expected to benefit from the rising trend in gold prices

On the second day of its listing, ZIJIN GOLD INTL's stock price rose by over 10%, closing at HKD 133.3, with a trading volume of HKD 482 million. The company owns multiple high-quality gold mines globally and is expected to see continuous revenue growth in the future. Guoyuan International pointed out that the increase in global central bank gold allocations and investment demand is driving long-term gold price increases. International gold prices have reached new highs, approaching USD 3,900 per ounce. Everbright Securities analysis stated that a U.S. government shutdown could lead to a pause in the release of economic data, and gold is expected to perform better than U.S. stocks and bonds