Gold broke records, hitting over $3,800 an ounce, up 47% in 2025. Zijin Gold’s Hong Kong IPO surged 66%, reflecting investor appetite. Gold’s rally fueled by US govt shutdown fears and Fed rate cut expectations. Gold-linked ETFs and mining giants also seeing substantial gains this year.

Zijin Gold’s listing comes during gold’s best year since the 1970s. Macro drivers like falling bond yields and geopolitical uncertainty bolster gold’s appeal. Central bank buying and ETF demand contribute to gold’s continued strong performance.

Gold’s rise not just in commodities market but equities, too. VanEck Gold Miners ETF and Sprott Gold Miners ETF doubled in size this year. Mining giants like Newmont and Barrick Mining up over 100%. Gold’s surge driven by various factors, making it a top performer across markets.

Read more at Yahoo Finance: Gold’s record run is minting winners beyond bullion, like an IPO that just popped 66%