New York, Jan 6, 2026, 17:18 EST — After-hours
- Newmont rose about 5.5% after the bell as the gold price pushed back toward record territory
- Bullion climbed on Venezuela-driven safe-haven demand as traders weighed the Fed outlook
- Next catalysts: Wednesday U.S. data slate, then Friday’s payrolls report
Newmont Corp (NEM) shares were up 5.5% at $109.20 in after-hours trade on Tuesday, tracking a sharp move higher in the gold price and a rally across the mining group. Agnico Eagle Mines (AEM) gained 3.1%, while the VanEck Gold Miners ETF (GDX) added 4.1% and SPDR Gold Shares (GLD) rose 1.1%.
Gold extended gains as the U.S. seizure of Venezuela’s President Nicolas Maduro lifted demand for safe havens, with investors also looking ahead to Friday’s U.S. jobs report. Spot gold was up 0.8% at $4,485.39 an ounce by 1:40 p.m. ET and February futures settled 1% higher at $4,496.10, within reach of the Dec. 24 record of $4,549.71. “Precious metals traders see more risk on the horizon than stock and bond traders do at present,” said Jim Wyckoff, a senior analyst at Kitco Metals. Reuters
Morgan Stanley said in a note dated Jan. 5 that gold could hit $4,800 an ounce by the fourth quarter of 2026, pointing to falling interest rates and continued buying by central banks and funds. It said events in Venezuela were likely to draw safe-haven demand, though it did not cite them as a driver of the $4,800 call. Reuters
Traders now turn to a packed U.S. data calendar on Wednesday that includes the ADP private payroll estimate, JOLTS job openings and the ISM services PMI, a survey-based gauge of service-sector activity. ADP is expected to show 50,000 jobs added, while the ISM services PMI is seen at 52.2, Investing.com data showed; Fed Governor Michelle Bowman is also scheduled to speak late in the day. Investing
Technical traders are also watching key levels in bullion after the latest surge. Fawad Razaqzada at Investing.com wrote that “key support” sits near $4,350 and said a break could open a deeper pullback toward $4,250; support is a price area where buyers often step in. Investing.com South Africa
In the futures market, COMEX gold trading volume was estimated at 193,356 contracts on Tuesday, while open interest — the number of outstanding contracts — stood at 481,921, down 1,945, AP data showed. AP News
For Newmont, the next company catalyst is its quarterly report, with Investing.com listing Feb. 19 as the next earnings date. Investors will watch for any changes in output and cost trends, as well as cash generation, after bullion’s jump. Investing
But the trade is not one-way. Stronger U.S. data could lift Treasury yields and the dollar and cool rate-cut bets, a mix that often weighs on gold and the miners, while any easing in geopolitical stress can drain safe-haven demand.
The next major marker is the U.S. Employment Situation report for December 2025, due at 8:30 a.m. ET on Friday, Jan. 9, according to the Bureau of Labor Statistics schedule. Bureau of Labor Statistics
