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Home > CommSec > Market Close 29 Jan 26: Gold soars to fresh peaks
Podcast: CommSec
Episode:

Market Close 29 Jan 26: Gold soars to fresh peaks

Category: Business
Duration: 00:09:52
Publish Date: 2026-01-29 05:50:35
Description:

The Aussie market finished almost flat today, recovering from morning lows despite lingering rate hike fears. While the ASX 200 slipped for a second session, the real drama unfolded in the commodities space as gold shattered records, soaring to $5,500 per ounce. BHP continued its record run, hitting an all-time high, while Deep Yellow surged 12%. Conversely, rare earth miners like Ioneer and Lynas tumbled after reports the Trump administration may abandon price floors for critical minerals. Attention now turns to tonight's US earnings from Apple and Amazon.

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