The global market for precious metals is currently experiencing a dramatic upheaval, as the price of gold continues its remarkable ascent, nearing the psychological benchmark of $4,500 per ounce. This extraordinary surge has propelled several gold-linked corporations into a spotlight of investment interest, demonstrating robust momentum in the financial sector.
Gold's Record Rally Propels Key Mining Firms
In a striking display of market dynamics on December 23, 2025, the spot price of gold in U.S. dollars reached an unprecedented high, touching $4,497.82 per ounce, before settling slightly below that mark at $4,482.96. This historic milestone has acted as a powerful catalyst for a select group of publicly traded companies deeply connected to the gold industry. Alamos Gold Inc. (NYSE: AGI), OR Royalties Inc. (NYSE: OR), and Wheaton Precious Metals Corp. (NYSE: WPM) have all recently broken into the top 10th percentile of Benzinga Edge's Stock Ranking, an indicator that assesses a stock's relative strength through price movements and volatility across various timeframes. Achieving a score above 90 in this ranking signifies a potent upward trajectory compared to their market peers.
Alamos Gold Inc. showcased the most impressive leap, with its momentum percentile climbing from 89.61 to 94.06. The company’s shares have appreciated by an astonishing 110.23% year-to-date and an even more impressive 120.65% over the past year, sustaining a strong price trend across short, medium, and long terms, further bolstered by a solid quality ranking. Following closely, Wheaton Precious Metals Corp. (WPM) saw its ranking rise from 88.00 to 92.89, indicating that it now outpaces 92% of the market in terms of price strength. WPM’s stock has surged by 110.45% year-to-date and 113.24% over the last twelve months, maintaining a vigorous price trend despite a weak value ranking. Osisko Gold Royalties (OR) also secured its position among the top momentum gainers, moving from 88.99 to 92.62. Its shares have seen a significant increase of 98.07% year-to-date and 102.41% over the last year, exhibiting a strong price trend across all timeframes with a commendable quality ranking.
The overarching rally in gold prices, which has seen a 33.08% increase in the past six months and a staggering 71.58% over the last year, is attributed to a confluence of global events. Adam Turnquist, Chief Technical Strategist for LPL Financial, highlighted that the U.S. administration's intensified oil blockade of Venezuela and the increasing likelihood of continued Federal Reserve interest rate cuts in 2026—driven by signs of cooling inflation and labor market weakness—are key factors underpinning gold’s appeal. With probabilities for three rate cuts in 2026 approaching 40%, investor confidence in gold as a safe-haven asset is robust, with its previous 52-week high of $4,382 per ounce now serving as a crucial support level against any potential near-term corrections.
This period of exceptional growth in the gold market underscores the precious metal's enduring role as a hedge against economic uncertainties and geopolitical tensions. For investors, the recent performance of gold-linked stocks like Alamos Gold, OR Royalties, and Wheaton Precious Metals offers a compelling narrative of resilience and opportunity in a volatile global landscape. The sustained upward momentum suggests a strong investor belief in the continued appreciation of gold, driven by macro-economic factors that favor commodities over traditional financial instruments.
