Precious metals stocks posted strong gains during trading, with CHI SILVER GP (00815) climbing 14.29% to HK$0.8; GT GOLD (08299) advancing 4.3% to HK$0.485; ZIJIN GOLD INTL (02259) rising 4.19% to HK$141.7; and SD GOLD (01787) gaining 3.77% to HK$39.12 as of press time.

On the fundamental side, spot gold maintained its bullish momentum on Monday, breaking through the $3,900 per ounce threshold with intraday gains of 0.35%, establishing another record high. This milestone comes less than 10 days after gold first surpassed the $3,800 mark. Silver prices have similarly moved higher, with spot silver accumulating gains exceeding 30% over the past six months.

JPMorgan strategists project that gold prices could reach a range of $4,050 to $4,150 per ounce by mid-2026, suggesting potential for further record-breaking levels ahead.