Stock Track | Chifeng Gold Soars 6.24% as Gold Prices Hit New High

Stock Track

May 21, 2025

Chifeng Gold (06693) saw its stock price soar by 6.24% during Wednesday's intraday trading, outperforming the broader market. The significant upward movement comes as spot gold prices surged to $3,092 per ounce, driving a rally across Hong Kong-listed gold stocks.

The precious metal's price increase has had a ripple effect across the gold mining sector. While Chifeng Gold led the pack with its impressive gain, other notable performers included Lingbao Gold, which rose by 4%, and both Wanguo Gold and China Gold, each climbing by 3%.

This sector-wide rally underscores the strong correlation between gold prices and the performance of gold mining stocks. As global economic uncertainties persist, investors often turn to gold as a safe-haven asset, which in turn boosts the prospects of companies involved in gold extraction and production.

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The significant upward movement comes as spot gold prices surged to $3,092 per ounce, driving a rally across Hong Kong-listed gold stocks.</p>\n\n<p>The precious metal's price increase has had a ripple effect across the gold mining sector. While Chifeng Gold led the pack with its impressive gain, other notable performers included Lingbao Gold, which rose by 4%, and both Wanguo Gold and China Gold, each climbing by 3%.</p>\n\n<p>This sector-wide rally underscores the strong correlation between gold prices and the performance of gold mining stocks. As global economic uncertainties persist, investors often turn to gold as a safe-haven asset, which in turn boosts the prospects of companies involved in gold extraction and production.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06693","symbol_name":"赤峰黄金","start_time":0,"source_url":"","article_id":"1156350093","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156350093","pubTimestamp":1747793424,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Chifeng Gold  saw its stock price soar by 6.24% during Wednesday's intraday trading, outperforming the broader market. 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