New York, January 13, 2026, 17:03 EST — After-hours trading
- Barrick Mining shares ended the day up, having reached a new session peak earlier.
- Gold hit a fresh intraday high as softer inflation figures boosted expectations for rate cuts.
- Attention turns to the Fed’s meeting in late January and Barrick’s earnings report due in early February.
Barrick Mining shares ended Tuesday up 1.4% at $49.71, after briefly touching $50.28 earlier in the day. Gold-related stocks held firm, buoyed by bullion hovering near record highs. (StockAnalysis)
Gold’s rally has morphed into a crowded macro trade again, driven partly by a safety bid and partly by bets that U.S. rates will drop further. The metal has climbed over 6% in just the first 13 days of 2026, following a 64% surge last year. Major brokerages are now openly discussing $5,000 targets. “Real assets come to the fore in the kind of environment we’re looking at,” said independent precious metals analyst Ross Norman. (Reuters)
For miners, it’s straightforward: their revenue shifts with the metal’s price, but many costs remain fixed. When gold breaks into uncharted territory, equity investors usually jump on the operating leverage—until they pull back.
Spot gold touched $4,634.33 earlier Tuesday but slipped back to $4,591.49 by 1:31 p.m. ET. U.S. February futures closed down 0.3% at $4,599.10. December’s core CPI rose 0.2% month-over-month and 2.6% year-over-year, falling short of expectations. “The benign CPI data … portends a higher likelihood of Fed rate cuts,” said David Meger, metals trading director at High Ridge Futures. Commerzbank bumped up its year-end 2026 gold forecast to $4,900. Meanwhile, CME plans to adjust margin settings for precious metals following the recent volatility. (Reuters)
The situation remains tangled. A growing clash over Federal Reserve independence has unsettled markets and pushed the dollar lower, giving gold another boost. “This just ended the dollar’s New Year bounce,” said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. (Reuters)
Gold stocks tracked the market’s rhythm. Newmont climbed 1.5%, Agnico Eagle jumped 2.4%, Royal Gold advanced 2.8%, and Wheaton Precious Metals increased by 1.9%.
Barrick, formerly Barrick Gold and listed on the NYSE under the ticker “B,” plans to announce its full-year and Q4 2025 results on Feb. 5. Management will follow up with a webcast that same morning. (GlobeNewswire)
Macro traders have marked the Federal Reserve’s policy meeting on January 27–28 as the next major event. (Federal Reserve)
But the setup goes both ways. Gold has surged, and a quick rebound in the dollar or a shift toward a less-dovish Fed stance could spark profit-taking. Miners face their own hazards, too—unexpected operational issues or rising costs can erode gains from stronger bullion prices.
The upcoming catalyst is clear: the Fed meeting later this month, followed by Barrick’s Feb. 5 earnings and guidance. Investors will be watching closely for any hints on costs and production — and if the company’s outlook aligns with the metal’s performance.
