Precious Metals Rally Explained

Market update for Thursday January 29, 2026

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In today’s episode:

• The Fed holds rates steady as Powell offers little new guidance
• Gold and silver rip to record highs after the Fed meeting
• Tesla beats earnings but makes a massive pivot toward AI and humanoid robots
• Microsoft sells off despite strong results as AI spending and cloud growth raise concerns
• Meta surges on earnings as its ad business powers aggressive AI investments
• Southwest Airlines jumps on a bullish profit outlook
• Las Vegas Sands slides after weaker-than-expected results in Macao
• Fun Fact: Apple hits its longest weekly losing streak since 1993 ahead of earnings