New York, Jan 8, 2026, 13:52 (EST) — Regular session
Barrick Mining shares edged down 0.3% to $47.14 by 1:52 p.m. ET on Thursday, after trading between $46.00 and $47.20 earlier in the session.
Gold was steadier, with spot prices up 0.2% at $4,460.36 an ounce by late morning after touching $4,406.89, as traders set up for Friday’s U.S. nonfarm payrolls report — the monthly jobs count watched closely by the Federal Reserve. A Bloomberg Commodity Index rebalance that starts this week has also added short-term pressure, and “there’s just going to be pressure for the next few sessions on gold and silver while that commodity index readjusts,” RJO Futures strategist Bob Haberkorn said. Reuters
Gold does not pay interest, so the metal’s appeal often shifts with yields — the higher the return on cash and bonds, the less forgiving the “carry” on bullion looks. CME Group noted the opportunity cost of holding a non-yielding asset like gold remains a factor even as other drivers have started to dominate. CME Group
Barrick said on Wednesday it will release full-year and fourth-quarter 2025 results before markets open on Feb. 5 and host a webcast later that morning. The miner shifted its NYSE ticker to “B” from “GOLD” in May 2025 as it changed its corporate name to Barrick Mining Corporation. Barrick Mining Corporation+1
Moves across the group were mixed: the VanEck Gold Miners ETF was down about 1.0% and the junior-miners fund slipped 0.9%, while Newmont fell 1.9% and Kinross was off 0.6%; Agnico Eagle rose 0.6%. Agnico said on Thursday it will release fourth-quarter and full-year results on Feb. 12 after normal trading hours and hold a conference call on Feb. 13.
HSBC said gold could hit $5,000 an ounce in the first half of 2026 on geopolitical risks and rising debt, but it warned a late-year correction could follow if risks fade or if the Fed stops cutting rates. The bank lowered its average 2026 forecast to $4,587 an ounce and said gold logged a 64% gain in 2025.
The downside for miners is straightforward: a stronger-than-expected jobs print could lift bond yields and the dollar, taking some air out of bullion and squeezing the sector’s near-term momentum. If gold turns choppy, investors may also get less patient on costs and project spending when companies start giving 2026 guidance.
Next up is Friday’s Employment Situation report for December 2025, due at 08:30 a.m. ET, which sets the tone for rates and, by extension, gold. Barrick’s own catalyst is its Feb. 5 results release and webcast.
