Stock Track | Zijin Gold International Soars 7.53% Intraday as Gold Rises on Weaker Dollar, Middle East Peace Hopes

Stock Track05-06

Zijin Gold International's stock surged 7.53% during intraday trading on Wednesday, significantly outperforming the broader market.

The rally in Zijin Gold International was part of a broader surge in Hong Kong-listed gold stocks, driven by a 2% increase in gold prices. The precious metal was buoyed by a weaker US 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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