Stock Track | Zijin Mining Soars 5.01% Intraday as Gold Rises on Weaker Dollar, Middle East Peace Hopes

Stock Track

05/06

Zijin Mining's stock soared 5.01% during intraday trading on Wednesday, leading a rally among gold-related equities.

The surge was buoyed by a 2% rise in gold prices, driven by a weaker U.S. dollar and softer oil prices which eased fears of persistent inflation and higher-for-longer interest rates. Additionally, market sentiment was lifted by hopes of a potential peace deal between the U.S. and Iran.

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