Precious Metals & Mining

Gold futures reached $4,200 per ounce in late November 2026, driven by geopolitical uncertainty and currency volatility. Mining companies including Fortuna and Fenix Gold are ramping up production to capitalize on elevated prices, while capital rotates from tech equities into safe-haven assets.

Gold futures have surged to $4,200 per ounce, anchoring a sharp divergence in commodities markets where precious metals miners are outperforming while base metals and energy face headwinds from slowing growth signals. Companies like Fortuna Mining are expanding production capacity and strengthening balance sheets as capital rotates from risk assets toward hard assets. The bifurcation reflects broader macro uncertainty centered on Fed rate cut expectations and a weakening tech sector.