Zijin Gold International (02259) saw its stock price soar by 6.90% during intraday trading on Monday, as gold prices rallied to new record highs. The significant uptick in the company's share price reflects the broader surge in the precious metals market, particularly in gold-related stocks.

The rally in gold prices was driven by a combination of factors, including an historic short squeeze in the London market and escalating US-China trade tensions. These developments have increased the appeal of gold as a safe-haven asset, pushing its value to unprecedented levels. Additionally, concerns over potential White House tariffs on other precious metals have contributed to sharp increases in platinum and palladium prices, further boosting sentiment in the sector.

While Zijin Gold International led the pack with its 6.90% gain, other gold stocks in Hong Kong also experienced notable increases. Chifeng Gold rose by 4%, Lingbao Gold climbed 3%, and both SD Gold and Zijin Mining saw 2% increases. This widespread rally in gold-related stocks underscores the strong investor confidence in the precious metals sector amid global economic uncertainties.