Stock Track | CHIFENG GOLD Soars 9.40% as Gold Price Hits Record High Above $4,000

Stock Track

2025/10/08

CHIFENG GOLD (06693) experienced a significant surge of 9.40% during the intraday trading session on Wednesday, as the precious metals market reached a historic milestone.

The stock's impressive rally can be attributed to spot gold prices topping $4,000 per ounce for the first time ever, setting a new record high. This remarkable achievement in the gold market has had a ripple effect across gold-related stocks, with CHIFENG GOLD being one of the primary beneficiaries.

The broader gold sector in Hong Kong also saw substantial gains, with other notable performers including Zijin Gold International, which also rose by 8%. Additionally, Laopu Gold increased by 3%, SD Gold climbed 2%, and Tongguan Gold edged up 1%. The extraordinary performance of gold, having gained nearly $1,400 year-to-date, has sparked investor enthusiasm in gold mining companies, positioning them as attractive options in the current market landscape.

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