Stock Track | LAOPU GOLD Soars 12.37% Intraday on High SKP Queuing Demand and Gold Price Surge

Stock Track01-26

LAOPU GOLD (06181) soared 12.37% intraday on Monday, reflecting strong investor interest in the high-end gold retailer.

The surge follows reports of exceptionally high customer demand during the SKP system's Lunar New Year shopping season, with LAOPU GOLD stores in major Chinese cities experiencing long queues that exceeded last year's levels and reached daily capacity shortly after opening. Concurrently, the spot price of gold broke through the $5,000 per ounce barrier for the first time, trading above $5,090 intraday, which analysts note strengthens consumer purchase intent and budgets for gold products.

The broader rally in gold is attributed to investors seeking safe-haven assets amid rising geopolitical tensions, coupled with supportive factors including U.S. monetary policy easing, robust central bank purchases, and record inflows into gold exchange-traded funds.

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