Mining Shares Climb in 2026 as Investors Chase Safe Havens

Mining stocks jumped at the start of the year after gold, silver and copper all hit record highs Wednesday, extending a rally fueled by geopolitical tension and renewed demand for safe-haven assets.

The NYSE Arca Gold Miners Index has gained about 12% so far in 2026, outpacing a 6.9% rise in spot gold and a 0.7% advance in the S&P 500 Index. Investors have been rotating into miners as escalating risks tied to the US, Iran and Venezuela drive flows toward commodities that hold their value.