Precious Metals
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S&P/TSX composite edges higher, U.S. markets mixed after key rate decisions
Investment Executive· 2026-01-28 22:08
Group 1: Interest Rates and Economic Indicators - The central bank's policy rate remains at 2.25%, which was widely expected by economists [1] - The U.S. Federal Reserve has kept its key rate unchanged at approximately 3.6% after three cuts last year, indicating a stabilization in the job market and an upgrade in growth characterization from "modest" to "solid" [1] - Lower interest rates are particularly significant for Canadian homeowners, as many are renewing their mortgages this year [2] Group 2: Commodity Market Performance - Commodity prices positively influenced Canada's main stock index, which rose by 79.67 points to 33,176.07 [2] - The March silver contract increased by US$7.58 to US$113.53 per ounce, while the April gold contract rose by US$219.60 to US$5,340.20 per ounce [2] - Commodities are highlighted as a major sector for Canada, with silver and gold prices showing upward trends [3] Group 3: Stock Market Movements - The U.S. stock and bond markets remained stable, with the U.S. dollar stabilizing after a recent decline [4] - Seagate Technology experienced a significant gain of 19.1% after reporting better-than-expected profits, driven by demand from artificial intelligence applications [4] - Nvidia, a key player in the AI sector, rose by 1.6%, contributing to the S&P 500's performance, supported by a positive report from ASML regarding chip-making machinery [5] Group 4: Currency and Oil Prices - The Canadian dollar traded at 73.69 cents US, up from 73.42 cents US the previous day [5] - The March crude oil contract increased by US$0.82 to US$63.21 per barrel [5]
Gold soars to all-time high, biggest daily dollar gain ever
KITCO· 2026-01-28 19:23
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another. Jim is the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a ...
Gold price jumps above $5,300 on dollar weakness
MINING.COM· 2026-01-28 16:20
Stock image. Gold prices soared past $5,300 an ounce for a new record on Wednesday amid weakness in the US dollar, driving investors further away from currencies and into hard assets.Spot gold jumped more than 2% to $5,311.29 per ounce, building on a 3% gain from the previous session. Year to date, the metal has risen by almost 20%, a pace that would easily best last year’s performance (65%). Growing concerns over the value of US dollar, the world’s premier reserve currency, have sparked investment demand f ...
Benjamin Cowen Claims No Metals-to-Crypto Rotation Is Coming — What Would That Mean for Bitcoin?
Yahoo Finance· 2026-01-28 14:17
Group 1 - Benjamin Cowen dismisses the idea of a rotation from precious metals into digital assets, challenging the narrative that gains in gold and silver could benefit Bitcoin and Ethereum [1][2] - Cowen draws parallels with past market behavior, stating that there was no rotation from Bitcoin to alternative cryptocurrencies, indicating skepticism about the current market dynamics [2] - Peter Schiff criticizes Bitcoin's performance, noting it has underperformed against gold since its peak in November 2021, with Bitcoin down over 50% when priced in gold [3][4] Group 2 - Tom Lee from Fundstrat presents a contrasting view, suggesting that the rally in precious metals may be overshadowing strengthening fundamentals in major cryptocurrencies like Bitcoin and Ethereum [5][6] - Lee emphasizes that financial institutions are increasingly viewing Ethereum as a core settlement and tokenization layer, indicating a positive outlook for its future [6] - Despite Bitcoin and Ethereum trading below their all-time highs, Lee maintains a long-term bullish forecast for both cryptocurrencies [8]
Tether is buying up to $1 billion of gold per month and storing it in a 'James Bond' bunker
Yahoo Finance· 2026-01-28 13:06
Tether, the company behind the world’s largest stablecoin, has been buying physical gold at a pace of up to two tons a week as it builds one of the world’s largest bullion stockpiles. The company’s CEO, Paolo Ardoino, told Bloomberg that Tether intends to continue purchasing gold at that rate for at least the next few months. At current prices, that equates to more than $1 billion in buys every month. The purchases are delivered to a high-security former nuclear bunker in Switzerland, which Ardoino desc ...
Gold hits record above $5,280 as Trump dollar comments aid rally
BusinessLine· 2026-01-28 11:31
Gold surged to a record high above $5,280 an ounce, extending a breakneck rally fuelled by US dollar weakness and a flight from sovereign bonds and currencies.Bullion rose as much as 2 per cent on Wednesday, building on a 3.4 per cent jump in the previous session — its biggest one-day gain since April. President Donald Trump said he was not concerned about a drop in the value of the dollar that has dragged the world’s premier reserve currency to its weakest level in nearly four years.That decline, combined ...
Crypto Market News Today, January 28: USD Index Dropping as We Wait For FOMC Results, Bitcoin to Follow Gold?
Yahoo Finance· 2026-01-28 09:53
Market Overview - Crypto markets are experiencing a pause amid negative news, with Bitcoin's price stabilizing and gold prices rising significantly [1] - The USD index has decreased by almost 3% this week and over 10% in the last year, impacting risk assets [3] Government and Regulatory Environment - There is a 76% probability of a US government shutdown by January 31, which is causing caution among institutions [2] - Legislative progress on the US Crypto Clarity Act has slowed, contributing to market uncertainty [2] FOMC Impact - The Federal Open Market Committee (FOMC) meeting maintained interest rates at 3.50%–3.75%, with no early cuts expected [2] - The FOMC news is influencing capital flows, with gold outperforming equities and becoming a safe-haven asset [4] Gold and Bitcoin Comparison - Gold has reached an all-time high of $5,280 per ounce, outperforming the S&P 500 by over 100% [4] - Bitcoin is trading around $89,000, showing a slight increase of 1.2% on the day, but remains in a medium-term downtrend [6][8] - Tether holds over 140 tons of gold, valued at approximately $24 billion, highlighting gold's significance in the current market [5] Market Dynamics - Bitcoin's market cap is significantly smaller than gold's $36 trillion, suggesting potential for growth if liquidity conditions improve [6] - The current market conditions are reminiscent of historical currency weakening prior to coordinated interventions [3]
Three reasons gold outshines Bitcoin price as threat of US government shutdown looms
Yahoo Finance· 2026-01-28 09:37
Political chaos is driving investors to bet on gold as a safe haven asset, while Bitcoin fails to spark confidence, analysts say. Worries about a US federal government shutdown and fiscal volatility have “weighed on Bitcoin,” Gabe Selby, head of research at CF Benchmarks, told DL News. “Near-term bullish catalysts for Bitcoin remain intact but are increasingly political rather than monetary,” he said. Selby’s analysis comes as the top cryptocurrency is significantly trailing behind other asset classes ...
Precious metals rally continues with gold nearing $5,300, silver topping $116
Invezz· 2026-01-28 06:48
Gold's blistering run is likely to continue as prices breached the $5,200 per ounce mark on Wednesday for the first time in history. Meanwhile, silver prices on COMEX also climbed above $116 per ounc... ...
金价狂飙 站上5240美元历史高点!黄金、白银基金宣布:暂停申购
Mei Ri Jing Ji Xin Wen· 2026-01-28 05:13
| 周大福 | 周六福 | 雕 | | --- | --- | --- | | 1618.00 | 1613.00 | 1614.00 | | 金条价格 1419.00 | 金条价格 1508.00 | 金条价格 1417.00 | | 周太堂 周大生 | 州 潮宏基 | 六福珠宝 | | 1585.00 | 1585.00 | 1616.00 | | 铝金价格 1071.00 | 铂金价格 1071.00 | 金条价格 1417.00 | | 秒 老凤祥 | 命 老庙黄金 | (三 中国黄金 | | 1620.00 | 1618.00 | 1139.00 | | 足金价格 1620.00 | 金条价格 1443.00 | 零售价 1155.00 | 黄金、白银涨势仍在继续! 28日,现货黄金日内上涨超1%,一度达到创纪录的每盎司5247.628美元的高点,截止发稿,现报5243.608美元/盎司,上涨1.19%。现货白银日内涨幅达 2.8%,现报115.042美元/盎司。 国内金饰价格同样行至历史高位,站上1600元/克。1月28日,老凤祥黄金足金饰品报价1620元/克;周大福金饰报价1618元/克;老庙黄 ...