Mining Stock Daily Morning Briefing: Gold breaks through $5,000 an ounce
Jan 26, 2026
Gold just pierced $5,000 an ounce and silver and copper are rallying. A major takeover sees Allied Gold bought for C$5.5 billion. New drill intercepts and prefeasibility results spark excitement at several projects. Significant financings and first rare earth drilling rounds out the market buzz.
AI Snips
Chapters
Transcript
Episode notes
Gold Breaks $5,000 Barrier
- Gold futures decisively breached $5,000 per ounce, peaking at $5,107 before retreating.
- That move coincided with strength in silver and copper and a weaker US dollar.
Market Eyes Labor-Focused Fed Candidate
- Rick Reeder has emerged as a frontrunner for Fed chair and is seen as market-accommodative.
- Markets expect him to lean on labor data to guide interest-rate decisions ahead of Powell's term end in May 2026.
Major M&A In African Gold Sector
- Zijin Mining agreed to acquire Allied Gold for C$5.5 billion, consolidating several African operations.
- Allied produced roughly 375k–400k ounces of gold annually across Mali, Côte d'Ivoire, and Ethiopia.