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ASX:CDA News 9 January 2026

Australia stock market today: ASX 200 ends flat as Rio Tinto sinks on Glencore talks

Australia stock market today: ASX 200 ends flat as Rio Tinto sinks on Glencore talks

Sydney, Jan 9, 2026, 22:51 AEDT — Market closed Australian shares ended barely changed on Friday, with Rio Tinto sliding 6.2% and dragging miners lower, while Codan jumped 16.8% to lead gainers. The S&P/ASX 200 edged down 0.03% at the close as oil prices firmed and the Aussie dollar held near $0.67. (Investing) The late-week drift masked a bigger question…
9 January 2026
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Stock Market Today

  • Gold Falls Below $5,300 as Precious Metals Rally Hits Turbulence
    January 29, 2026, 12:31 PM EST. Gold prices tumbled below $5,300 per ounce after briefly surpassing $5,600, with silver also retreating from record highs amid a broader market selloff. The Nasdaq Composite dropped over 2%, pressured by a plunge in Microsoft shares following cautious quarterly earnings. The US dollar strengthened, weighing on precious metals after a rapid rally boosted gold by about 20% year-to-date. Experts warn the rally's volatility and thinning liquidity signal a dangerous phase ahead. Silver fell 3% to near $106, retreating from its $120 peak despite a 42% annual gain. Analysts caution that silver's strong momentum complicates predicting a peak. The precious metals rally faces headwinds as investors digest mixed economic signals and currency shifts.
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