SINGAPORE, Jan 26, 2026, 15:06 (SGT) — Regular session
- Shares of CNMC Goldmine jumped roughly 12%, hitting a new 52-week peak in afternoon trading.
- Gold surged past $5,000 an ounce amid a rush into safe-haven assets.
- Traders eye bullion’s next shift alongside this week’s U.S. central bank cues.
Shares of CNMC Goldmine Holdings Limited SGX:5TP jumped 11.9% to S$1.41 around 3:06 p.m. in Singapore, after closing at S$1.26 on Friday, per Google Finance data. The stock fluctuated between S$1.30 and S$1.41, hitting the upper end of its 52-week range.
The surge in gold prices has accelerated sharply. Spot gold soared to an all-time high of $5,092.71 an ounce, then eased slightly to $5,058.09—up 1.5%—according to Reuters data. Investors are flocking to gold, betting on geopolitical tensions and a weaker dollar. Kyle Rodda, senior market analyst at Capital.com, described the move as a “crisis of confidence in the U.S. administration and U.S. assets.” Meanwhile, Philip Newman, director at Metals Focus, predicts prices could “peak at around $5,500 later this year.” Reuters
In Singapore, CNMC stood out among several “gold plays” rallying sharply. The Business Times reported CNMC had jumped 11.9% by midday, while pawnbroker-linked stocks like MoneyMax Financial and ValueMax also surged as gold topped the “psychological US$5,000 mark.” OCBC’s head of equity research, Carmen Lee, noted, “Gold prices have risen 65 per cent in 2025 and are up 15 per cent so far this year.” The Business Times
Turnover surged as CNMC moved roughly 17.28 million shares Monday. The stock hit a peak of S$1.41 and dipped to a low of S$1.30, according to data from Investing.com.
The “midday break” affects how these price changes show up on screens. On the SGX, morning trading goes from 09:00 to 12:00, then picks up again from 13:00 to 17:00 in the afternoon. Orders are held over during the lunch pause, per the exchange’s rulebook notes. SGX Rulebook
CNMC, a gold miner headquartered in Singapore, holds the Sokor Gold Field project in Kelantan, Malaysia, as its main asset, according to Reuters company data.
For investors, the connection is simple: rapid moves in gold prices tend to push producers and “gold proxy” stocks even harder. In smaller names, liquidity adds extra punch — when bids emerge, momentum traders jump in fast.
But the trade goes both ways. If gold slips after its recent rally, CNMC could lose ground just as fast, especially given the stock’s history of wild daily swings and sudden spikes in volume.
Traders will now turn their attention to the U.S. Federal Reserve’s policy meeting on Jan. 27-28 for clues on interest rates and the dollar — crucial factors for gold prices.
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