Gold price shoots up

The article says the rally was driven by signals that the US will continue printing money — investors responded by buying gold and gold-related shares, pushing prices higher.

Gold rose by almost US$40 an ounce on Thursday morning and climbed by more than 7% over four trading days, according to the report.

Shares in most ASX-listed goldminers jumped sharply, with many rising by more than 10% in response to the gold price rally.

Goldman Sachs analyst Richard Coppleson commented on the move, saying the rally was "as big as I can ever remember," highlighting how pronounced the surge was.

While the article doesn’t present a formal historical comparison, it quotes Goldman Sachs’ Richard Coppleson describing the rally as "as big as I can ever remember," indicating it was unusually large.

The market reacted quickly: the gold price jumped nearly US$40 in one morning and rose more than 7% across four trading days, with ASX gold stocks climbing over 10% in many cases.

In the article’s wording, "printing money" refers to signals that US monetary policy would increase money supply — a factor that helped spur investor demand for gold and caused the rally.

The immediate signal reported was strong investor demand for gold as a reaction to expectations of continued US money printing, which translated into a rapid rise in the gold price and big gains for ASX-listed goldminers.