Group 1 - Gold concept stocks experienced a broad rally, with AngloGold Ashanti (AU.US) rising over 2%, and Coeur Mining (CDE.US), Harmony Gold (HMY.US), and Barrick Mining (B.US) increasing by more than 1% [1] - On January 13, spot gold reached a historic high of $4,631.34 per ounce, according to the World Gold Council [1] - The World Gold Council indicated that gold is not yet overbought from a technical perspective, and only a price breakthrough of $4,770 per ounce would signal a significant overbought condition [1] Group 2 - State Street Global Advisors reported that based on recent price momentum and geopolitical dynamics, the probability of spot gold surpassing $5,000 per ounce this year has exceeded 30% [1]

Core Viewpoint - Spot gold and silver prices have reached historical highs, leading to a significant increase in the stock prices of precious metal companies in the U.S. [1] Company Performance - Harmony Gold (HMY.US) has seen its stock price rise by over 8% [1] - First Majestic Silver (AG.US) and Endeavour Silver (EXK.US) have both increased by more than 6% [1] - Pan American Silver (PAAS.US) and Newmont Corporation (NEM.US) have experienced stock price increases of over 3% [1]

Group 1: Market Performance - The U.S. stock market saw all three major indices rise, with the Dow Jones Industrial Average reaching a new historical high, approaching the 50,000 mark, closing at 49,462.08 points, up 0.99% [3] - The Philadelphia Semiconductor Index increased by 2.75%, setting a new historical high, with notable gains in chip stocks such as Microchip Technology up over 11%, Micron Technology up over 10%, and NXP Semiconductors up over 9% [5][6] Group 2: Federal Reserve Insights - Federal Reserve Governor Milan stated that the Fed should lower interest rates by more than 100 basis points this year, as economic data trends may support further rate cuts [5] - Milan noted that core inflation has returned to around the Fed's 2% target, and he expects strong economic growth in the U.S. this year [5] Group 3: Commodity Prices - Silver prices surged again, with COMEX silver futures breaking the $80 per ounce mark, reflecting a rise of approximately 6% [8] - Gold prices also saw a slight increase, with COMEX gold futures surpassing $4,500 per ounce, up over 1% [8]

Core Viewpoint - The gold sector in the US stock market experienced a collective rise in pre-market trading, driven by increased demand for safe-haven assets following the arrest of Venezuelan President Maduro, which led to a surge in gold prices, reaching $4,434 per ounce [1]. Group 1: Stock Performance - New Gold saw a pre-market increase of 5.37% [2] - Coeur Mining rose by 3.42% [2] - Pan American Silver increased by 2.98% [2] - Barrick Mining experienced a rise of 2.56% [2] - Harmony Gold gained 2.20% [2] - Newmont Mining increased by 2.15% [2] - B2Gold rose by 2.00% [2] - Kinross Gold saw an increase of 1.98% [2] - AngloGold Ashanti rose by 1.86% [2] - Gold Fields increased by 1.56% [2]

Core Viewpoint - Precious metal stocks are experiencing a pre-market rise, driven by increasing gold and silver prices, with expectations for strong performance in 2026 due to factors like potential U.S. interest rate cuts and a weakening dollar [1] Group 1: Market Performance - Coeur Mining (CDE.US) rose nearly 4%, Pan American Silver (PAAS.US) increased over 2%, and Barrick Gold (B.US), Newmont Mining (NEM.US), and Harmony Gold (HMY.US) all gained over 1% [1] - Spot gold prices increased by over 1%, reaching a peak of $4,400, while spot silver surged by 3%, reclaiming the $73 mark [1] Group 2: Influencing Factors - The rise in precious metals is attributed to expectations of further U.S. interest rate cuts and a weaker dollar, which may support prices in 2026 [1] - In 2025, precious metals experienced a significant upward trend, with gold prices hitting a series of historical highs due to central bank gold purchases, Federal Reserve easing policies, and a weaker dollar [1] - Geopolitical tensions and trade frictions led by the U.S. have also contributed to increased demand for safe-haven assets [1]

Core Viewpoint - Precious metal stocks showed pre-market gains, with notable increases in companies such as Coeur Mining (CDE.US) and Pan American Silver (PAAS.US), driven by rising gold and silver prices [1] Group 1: Market Performance - Gold prices increased by over 1%, reaching a peak of $4,400 during the day, while silver surged by 3%, surpassing $73 [1] - Major mining companies including Barrick Mining (B.US), Newmont Mining (NEM.US), and Harmony Gold (HMY.US) also experienced gains of over 1% [1] Group 2: Market Influences - The rise in precious metals is attributed to expectations of further interest rate cuts in the U.S. and a weakening dollar, which may lead to strong performance in 2026 [1] - Concerns about broad index rebalancing may exert pressure on prices in the near term [1] Group 3: Historical Context - The year 2025 saw a significant rally in precious metals, with gold prices reaching a series of historical highs due to central bank purchases, Federal Reserve easing policies, and a weaker dollar [1] - Geopolitical tensions and trade frictions led by the U.S. have also contributed to increased demand for safe-haven assets [1]

Core Viewpoint - Harmony Gold (HMY) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings picture, which is crucial for predicting near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements due to their large transactions [4]. Company Performance and Investor Sentiment - The upgrade for Harmony Gold reflects an improvement in the company's underlying business, which is expected to drive the stock price higher as investors recognize this positive trend [5]. - Over the past three months, the Zacks Consensus Estimate for Harmony Gold has increased by 13.6%, indicating a positive outlook for the company [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7]. - Harmony Gold's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

Group 1 - Spot gold prices fell below $4450 per ounce, decreasing by 0.78% on the day [1] - Spot silver prices dropped over $1, currently at $70.42 per ounce, with a decline of 1.45% [1] - Mining stocks for gold and silver experienced widespread declines, with Harmony Gold (HMY.US) down over 2.6%, Barrick Mining (B.US) down over 1%, and Royal Gold (RGLD.US) down 0.95% [1] Group 2 - Paramount Gold Nevada (PZG.US) decreased by 0.85%, while Hecla Mining (HL.US) fell by 3.5% [1] - First Majestic Silver Corp (AG.US) saw a decline of over 2.8%, and Pan American Silver Corp (PAAS.US) dropped by 1.9% [1]

Core Viewpoint - Precious metal stocks, particularly silver and gold, have shown strong performance, with Pan American Silver (PAAS.US) rising over 6% and Harmony Gold (HMY.US) and Coeur Mining (CDE.US) increasing by more than 2% as silver prices hit a historical high [1] Group 1: Company Performance - Pan American Silver (PAAS.US) experienced a price increase of over 6% [1] - Harmony Gold (HMY.US) and Coeur Mining (CDE.US) both saw their stock prices rise by more than 2% [1] Group 2: Market Trends - The spot price of silver increased by 2% during the day, reaching $59.34 per ounce, marking a new historical high [1]

Core Viewpoint - Precious metal stocks, particularly silver mining companies, are experiencing strong performance due to a significant increase in spot silver prices, which have reached a historical high of $59.34 per ounce [1] Group 1: Company Performance - Pan American Silver (PAAS.US) saw its stock price increase by over 6% [1] - Harmony Gold (HMY.US) and Coeur Mining (CDE.US) both experienced stock price increases of over 2% [1] Group 2: Market Trends - The spot price of silver has expanded its daily gains to 2%, reaching a new historical high [1]