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Gold's record run is minting winners beyond bullion, like an IPO that just popped 66%
Markets Insider·2025-09-30 06:01

Gold isn't just shattering records in the commodities market — it's minting them in equities, too. Spot gold smashed through a new record above $3,800 an ounce on Tuesday, capping a relentless rally that has sent gold up 47% so far this year.The latest gains have been fueled by fears of a US government shutdown and expectations of Federal Reserve interest rate cuts. That backdrop set the stage for a blockbuster Tuesday debut by Zijin Gold International in Hong Kong. The company is the overseas arm of Ziji ...