Gold extends record rally, US stock futures drop

January 29, 2026

Gold and oil prices surged as geopolitical tensions escalated and the Federal Reserve maintained its stance on interest rates. Gold broke above $5,550, while oil advanced on concerns over Iran. US equity futures dipped amid mixed tech earnings, with investors awaiting further clarity on interest rate paths.

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Vedanta Iron and Steel, Vedanta Aluminium, 2 other stocks drop up to 5%. What’s spooking investors?

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