![The Zijin Gold International’s shares surge on debut, boosted by record-high gold prices. [Sven Hoppe/picture alliance via Getty Images]](https://ocdn.eu/pulscms/MDA_/f4fdf1663d5becf6d1457ff09848b4b1.jpg)
Global markets witnessed a historic moment on Tuesday, October 1, as the price of gold surged to an all-time high of $3,870 per ounce, igniting a powerful rally across the sector and driving Zijin Gold International’s spectacular market debut in Hong Kong.
- Gold surged to a record $3,870 per ounce, marking a historic high in global markets.
- Investor confidence soared, pushing Zijin Gold International’s Hong Kong debut up 66%.
- Analysts attribute the rally to expected U.S. interest rate cuts and robust demand from central banks.
- Experts suggest the surge could spark a revaluation of the entire precious metals sector.
The bullion’s sharp rise, which included an intraday gain of nearly 1%, was fuelled by shifting expectations for U.S. monetary policy.
According to Africa News, analysts said anticipated interest rate cuts by the Federal Reserve have lowered the opportunity cost of holding gold, making the non-yielding asset increasingly attractive to investors.
Zijin’s debut signals investor appetite for precious metals
![A worker produces gold ingots at a non-ferrous metal company on January 23, 2025 in Tongling, Anhui Province of China. [Guo Shining/VCG via Getty Images]](https://ocdn.eu/pulscms/MDA_/f770715c1df7bcd51f045773b32ecb40.jpg)
The optimism surrounding the precious metal translated directly into a blockbuster listing for Zijin Gold International, a subsidiary of Zijin Mining Group. Its shares opened at HK$111.5 and leapt to HK$119.5 by afternoon trading, marking a rise of over 66% and giving the firm a market capitalisation above HK$310 billion.
Zijin’s performance reflects strong investor confidence in its operations. The company reported a 16% year-over-year increase in mined gold production to 41 tonnes in the first half of 2025, underscoring its growth trajectory.
Industry watchers believe the dual impact of record-breaking bullion prices and Zijin’s successful listing may trigger a broader revaluation across the precious metals sector.
They noted that a powerful synergy where macroeconomic tailwinds meet operational excellence is likely to drive fresh capital into the industry as investors seek to capture long-term gains.
With gold shining brighter than ever, the rally shows little sign of slowing, positioning the sector for a new wave of global investment.
