ZIJIN GOLD INTL (02259) saw its stock price soar by 5.07% during Monday's trading session, reflecting a broader rally in precious metals stocks. The company's strong performance comes as the gold market continues to reach unprecedented heights, with spot gold prices breaking through the $3,900 per ounce threshold.

The surge in ZIJIN GOLD INTL's stock price is part of a sector-wide trend, with other precious metals companies also posting significant gains. This upward movement is primarily driven by the bullish momentum in the gold market, which has seen spot prices climb by 0.35% intraday, establishing a new record high. The precious metals rally extends beyond gold, with silver prices also showing strong performance, accumulating gains exceeding 30% over the past six months.

Looking ahead, the outlook for gold prices remains positive, potentially supporting further gains for companies like ZIJIN GOLD INTL. JPMorgan strategists have projected that gold prices could reach a range of $4,050 to $4,150 per ounce by mid-2026, suggesting there may be more room for growth in the precious metals sector. This optimistic forecast could continue to fuel investor interest in gold-related stocks in the near to medium term.