24H | Precious Metal Shares Jump. Gold Fields up 7%; UGL up over 6%; US Gold up 5%; Platinum Group, Harmony Gold up Around 4%

Tiger Newspress01-29

Precious metal shares and ETFs jumped in overnight trading. Gold Fields up 7%; UGL up over 6%; US Gold up 5%; Platinum Group, Harmony Gold up around 4%.

The record-breaking rally in commodities gained fresh momentum as gold, copper and silver hit all-time highs amid a weaker dollar and rising geopolitical tensions.

Gold climbed 2.5% to $5,555 an ounce, boosting this month’s gain to about 28%. Silver extended this year’s advance to 65%, after surging 148% in 2025. Copper jumped 5% on the London Metal Exchange and Brent crude climbed to its highest level since September. All these assets are priced in dollars so they benefited from the greenback’s decline.

Treasuries fell amid concern that rising commodity prices will add to inflation. Adding to market’s concerns, President Donald Trump warned Iran to make a nuclear deal with the US or face military strikes far worse than the attack he ordered last June.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment