Laopu Gold (06181) saw its stock price surge by 5.16% in intraday trading, outperforming the broader market as gold prices reached unprecedented levels. The company's shares were part of a wider rally in gold stocks, with peers such as SD Gold, Chifeng Gold, and Zijin Mining also posting significant gains ranging from 2% to 4%.

The impressive performance of gold stocks comes as the precious metal hit a record high for the fourth consecutive session, breaching the $4,300 per ounce mark. This rally in gold prices is attributed to a perfect storm of factors, including escalating U.S.-China trade tensions, the ongoing U.S. government shutdown, and growing expectations of interest rate cuts. These geopolitical and economic uncertainties have prompted investors to flock to gold as a safe-haven asset.

The gold market's bullish trend extends beyond the day's trading, with the yellow metal having gained over 60% year-to-date. This remarkable performance is underpinned by a combination of factors, including persistent geopolitical tensions, aggressive rate-cut expectations, increased central bank buying, efforts towards de-dollarization, and robust inflows into gold ETFs. As global economic and political landscapes remain uncertain, gold stocks like Laopu Gold continue to attract investor interest, reflecting the metal's enduring appeal as a store of value in turbulent times.