The price of gold hit a record high of 3,870 U.S. dollars per ounce on Tuesday, rising more than 0.95 percent intraday and boosting related assets. The rally in bullion prices has lifted valuations across the gold sector.
Analysts said expectations of looser U.S. Federal Reserve monetary policy have reduced the opportunity cost of holding gold, spurring investment demand.
Central banks worldwide have continued to increase their gold reserves, providing strong support for prices, while geopolitical tensions have further enhanced gold's safe-haven appeal.
In Hong Kong, Zijin Gold International Company Limited (Zijin Gold International), a subsidiary of Zijin Mining Group Co., Ltd, made its trading debut on the Hong Kong Stock Exchange (HKEX).
Its shares opened at 111.5 Hong Kong dollars (about 14.27 US dollars) and were up more than 66 percent at 119.5 Hong Kong dollars by 15:05 local time, giving the company a market capitalization of over 310 billion Hong Kong dollars.
In the first half of 2025, Zijin Mining produced 41 tonnes of mined gold, up 16 percent from a year earlier, while revenue from mined gold rose 62.15 percent to 26.46 billion yuan (about 3.63 billion US dollars).
Industry analysts said the listing of leading companies such as Zijin in Hong Kong could drive a broader revaluation of the precious metals sector.
Global gold price hits record high, boosting related assets
