New York, January 10, 2026, 12:25 EST — Market closed
- Barrick Mining closed up 0.8% on Friday, tracking firmer bullion after a softer U.S. jobs print. (Zacks)
- Spot gold rose 0.5% and was headed for a weekly gain of about 3.9% after hitting a record late December. (Reuters)
- Next on the calendar: U.S. CPI on Jan. 13, then Barrick’s full-year results on Feb. 5. (Bureau of Labor Statistics)
Barrick Mining shares ended Friday modestly higher, a quiet finish to a week when gold swung around U.S. data and policy headlines. The stock closed up 0.8% at $47.81. (Zacks)
That matters now because the trade has turned simple: bullion up, miners up — until it isn’t. With gold close to record territory, investors are watching whether next week’s inflation numbers keep rate-cut bets alive and, by extension, keep a floor under the group. (Reuters)
Gold typically draws support when interest rates are expected to fall because it yields nothing. On Friday, traders leaned that way after payrolls missed forecasts and markets continued to price at least two Federal Reserve cuts this year. (Reuters)
Spot gold was up 0.5% at $4,496.09 an ounce by early afternoon in New York, and U.S. gold futures settled 0.9% higher at $4,500.90, Reuters reported. Bullion hit a record $4,549.71 on Dec. 26. (Reuters)
“Payrolls are showing us a poor job creation environment,” Bart Melek, global head of commodity strategy at TD Securities, said, pointing to a mix of uncertainty and an “easing Fed” as supportive for precious metals. (Reuters)
Peers moved with the tape. Newmont gained 2.0% to $108.99, while Agnico Eagle climbed 2.5% to $191.14; the VanEck Gold Miners ETF rose 1.1%. (MarketWatch)
Some banks are leaning into the move, with caveats. HSBC said this week gold could reach $5,000 an ounce in the first half of 2026, but warned a correction later in the year was possible if tensions ease or the Fed pauses cuts. (Reuters)
For Barrick specifically, the next hard catalyst is its earnings date. The company said it will release full-year and fourth-quarter 2025 results before markets open on Feb. 5, with a management webcast later that morning. (Barrick)
Until then, traders tend to focus on what moves the metal and the dollar. The near-term risk is straightforward: a hotter inflation print could lift Treasury yields and the greenback, pressuring gold and the miners that have ridden it higher. (Reuters)
The next test comes quickly. U.S. CPI data for December are due on Tuesday, Jan. 13, and a U.S. Supreme Court ruling tied to Trump’s sweeping tariffs is expected on Jan. 14; beyond that, markets will look to the Fed’s Jan. 27-28 meeting and Barrick’s Feb. 5 results. (Bureau of Labor Statistics)
