Gold ( $XAU ) Surges 1.9% as Fed Cut Expectations Grow
Gold futures climbed 1.9% on Wednesday to $5,126 per ounce, supported by flat December retail sales data that strengthened expectations for potential Federal Reserve rate cuts.
The NYSE Arca Gold Miners Index has gained around 12% in 2026, outperforming the S&P 500 as investors rotate into safe-haven assets amid economic uncertainty.
Barrick Mining led the rally after reporting record 2025 results: • Revenue up 31% YoY
• Strong earnings momentum
• Plans to spin off North American assets via IPO
With rate-cut expectations building and risk sentiment shifting, gold and mining stocks are regaining strong upside momentum.
