New York, Jan 26, 2026, 07:33 EST — Premarket
- Newmont shares climb in premarket trading as gold hits a new record.
- Gold miners are climbing as the bullion rally gains momentum before the U.S. market opens.
- Attention now turns to the Fed’s January 28 decision and Newmont’s earnings report due February 19.
Newmont Corporation shares jumped 4.3% in premarket action Monday, fueled by a surge in bullion prices that hit a record $5,100 an ounce. Gold miners rallied ahead of the open, with Barrick Mining climbing 3.4%, and Agnico Eagle Mines along with Kinross Gold each gaining close to 4%. (Reuters)
The significance lies in gold’s jump to new highs, which can swiftly boost miners’ revenue and cash flow after costs are covered. Newmont ended Friday at $124.31, up 2.15%, with the stock closely mirroring the metal’s move into the new week. (Nasdaq)
Spot gold climbed 2.2% to $5,091.61 an ounce, hitting a record high of $5,110.50 as investors and central banks looked for safety amid tariff tensions and geopolitical uncertainty. Ole Hansen, head of commodity strategy at Saxo Bank, pointed to “Trump and the uncertainty he creates on multiple levels” as the key factor driving the move. Demand for exchange-traded funds, or ETFs, also helped fuel the rally. (Reuters)
The rally has been steep, and miners often lose those gains just as quickly if the metal slumps. A stronger dollar or a spike in bond yields can flip a gold trade in no time.
The next key event is the Federal Reserve’s Jan. 27-28 meeting, ending with a policy announcement at 2:00 p.m. ET on Jan. 28, followed by a press conference at 2:30 p.m. ET, per the central bank’s schedule. Traders will watch closely for any changes in rate guidance, since higher rates increase the cost of holding gold, which doesn’t yield interest. (Federal Reserve)
Newmont now shifts attention to its upcoming earnings report. The company plans to release its Q4 and full-year 2025 results during a conference call set for Feb. 19 at 5:30 p.m. ET. (Newmont Corporation)
Gold miners typically move more dramatically than the metal itself, since even slight shifts in gold prices can rapidly alter their profit margins. This leverage works in their favor on days like today, but it cuts both ways when gold prices fall.
Monday’s session will focus on whether bullion stays above $5,000 and if miners maintain their momentum past the opening hour of cash trading. Key upcoming milestones include the Fed’s Jan. 28 decision and Newmont’s earnings on Feb. 19.
