The market is ready to take any drawdown in gold prices as a buying chance, according to Metals Focus

Gold breaks through $5100 after Trump's muddled decisions. Will the rise continue?

Rheinmetall AG

OHB SE

Gold surpassed $5,000 an ounce amid fears of a debt crisis, inflation and a weakening dollar, reflecting investors' flight to safe-haven assets. The U.S. is increasing pressure on allies, forcing Canada to abandon the idea of free trade with China and threatening new tariffs. On these and other topics - in our review of key events for the morning of January 26.

The main thing for the morning: gold exceeded $5000, Germany will create an analog of Starlink

President Donald Trump has threatened to impose 100 percent duties on all of Canada's exports to the U.S. if it enters into a trade agreement with China. In a Truth Social post, Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/115950424403894234">called</a> Canadian Prime Minister Mark Carney a "governor" and said he was "very wrong" to open the country to Chinese business.

Trump threatened Canada with 100% duties in case of trade deal with China

Renault SA

Donald Trump said the Greenland deal with NATO was "framed" and rejected new duties against Europe. OpenAI has begun talks to raise up to $50 billion from Middle Eastern sovereign wealth funds. Elon Musk is accelerating SpaceX's IPO to fund space AI data centers and is thinking about returning to politics. The main events of January 19-23 are in our review.

Highlights of the week: Greenland deal, SpaceX IPO acceleration and $50 billion for OpenAI

In December, the U.S. began detaining under-sanctioned oil tankers traveling to and from Venezuela

Trump administration mulls oil blockade of Cuba - Politico

Tesla, Inc.

The billionaire's political activism may call into question his focus on business

Musk is returning to politics. Last time, it cost Tesla shareholders dearly

JPMorgan Chase & Co.

A similar lawsuit was filed by the Trump Organization against Capital One

Trump sued JPMorgan and its CEO for $5 billion for denial of service

Saab AB (publ)

Shares of defense companies in Europe fell in price at trading on January 22 - after the statements of U.S. President Donald Trump about unwillingness to use force to seize Greenland. Analysts at JPMorgan Chase &amp; Co. saw the current decline in quotes as an opportunity to invest in the sector, <a href="https://www.bloomberg.com/news/articles/2026-01-22/jpmorgan-says-buy-dip-in-defense-stocks-after-trump-comments">Bloomberg</a> writes.

'New world order': JPMorgan advised to buy EU defense stocks on the downturn

CACI International Inc

Kinder Morgan, Inc.

Knight-Swift Transportation Holdings Inc.

Progress Software Corporation

Teledyne Technologies Incorporated

Nathan's Famous, Inc.

Smithfield Foods, Inc.

Halliburton Company

Berkshire Hathaway Inc.

The Kraft Heinz Company

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: macro statistics in focus

NVIDIA Corporation

Alphabet Inc.

Apple Inc.

The beginning of the reporting season can give a positive impetus to the securities of US bigtechs, says Nationwide strategist 

Mag7 shares have been lagging the market for months now. Is it time to buy them?

Meta Platforms, Inc.

Highlights for this morning: OpenAI seeks $50 billion, Blue Origin challenges Starlink

This year, US foreign policy changed course dramatically: instead of promises of "peace", US President Donald Trump started talking about taking over Greenland and threatening Europe with a new trade war. The dollar reacted to these threats, but weakly. Investors did not believe in the fulfillment of threats. But they should not relax, warns financier and member of the ACI Foreign Exchange Committee Sergey Romanchuk.