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
According to Zhitong Finance APP, ZIJIN GOLD INTL (02259) rose over 10% on its second day of listing, following a surge of over 68% on the previous trading day. As of the time of writing, it has increased by 10.45%, trading at HKD 133.3, with a transaction volume of HKD 482 million.
Public information shows that ZIJIN GOLD INTL was spun off from Zijin Mining and holds interests in eight gold mines located in gold-rich areas in South America, Oceania, Central Asia, and Africa. By the end of 2024, the company's gold reserves and gold production for 2024 are expected to rank ninth and eleventh globally, respectively. Guoyuan International commented that the long-term upward trend in gold prices is solidified by the increase in gold allocations by global central banks and driven by investment demand. The company owns multiple high-quality gold mines globally, with low extraction costs, and is expected to continue maintaining rapid revenue growth in the future.
It is noteworthy that on October 1, international gold prices once again set a historical record, with London gold prices approaching USD 3,900 per ounce during trading, and COMEX gold prices breaking through USD 3,900 per ounce. The U.S. ADP employment report indicated that in September 2025, the number of new jobs in the U.S. private sector decreased by 32,000, far below the market expectation of an increase of 50,000. Additionally, the U.S. federal government has shut down for the first time in seven years, forcing hundreds of thousands of federal employees to face mandatory leave or layoffs, and many federal departments' services have also "stopped." Recently, Everbright Securities pointed out that if the U.S. government shuts down, economic data will be suspended, making it more difficult for the Federal Reserve to make decisions, and the path to interest rate cuts may be more likely to "proceed step by step," continuing the guidance from September, with gold expected to perform better than U.S. stocks and bonds
