Gold extended its rise for the sixth consecutive trading session, reaching a fresh record level and drawing increased attention to the precious metals mining sector. According to Bloomberg, demand is being supported by both institutional investors and central banks actively expanding their gold reserves.

Evy Hambro, Global Head of Thematic and Sector Investing at BlackRock, noted an unexpected trend in the industry — companies are conducting large-scale share buybacks. At the same time, gold is becoming a tactical element in multi-asset portfolios, strengthening interest in the metal from global funds.

The recent surge in gold has provided additional tailwinds for the share prices of mining companies. Experts emphasize that if these factors persist, positive momentum in the sector will continue, with rising gold prices directly reflected in the valuation of leading industry players.