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fromFortune Asia
2 weeks ago

Zijin Gold shares surge over 60% in Hong Kong debut as prices for the precious metal hit record highs | Fortune Asia

Shares in China's Zijin Gold International surged more than 60% on its debut in Hong Kong on Tuesday after raising more than $3 billion in one of the world's biggest initial public offerings this year. The blockbuster opening comes as gold prices continue to hit record highs amid surging demand for the safe-haven asset to head off broader market volatility and expected U.S. interest rate cuts.
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