Mining Stocks Surge in Hong Kong, China as Gold Hits Record
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Mining stocks in Hong Kong and China surged as gold prices hit a record high of $5,088.75 per troy ounce, driven by fears of a U.S. government shutdown and geopolitical tensions. Key players like Zijin Mining Group and Shandong Gold Mining saw significant gains. Analysts suggest the rise in gold prices is justified due to increased geopolitical risks and macroeconomic uncertainty, with concerns about the U.S. economy and the Federal Reserve's policy direction contributing to a weaker dollar.
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