Virgin Money UK Plc (VUK)

24/06/2021

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Morning report 28/01/2026

Portfolio Positioning: The President propels the Aussie through 70c & gold to new highs

The ASX200 leapt out of the gate on Tuesday following strong trading by miners on overseas bourses, and it didn’t look back, closing up +0.9%, at its highest level since October when the index posted its all-time high. The charge higher by the local materials sectors is unrelenting, with yesterday’s +1.7% gain taking the sector up +10.8% year-to-date, and we’re still in January! The gains by some well-known names in 2026 have put the mining bulls in dreamland.

Afternoon report 27/01/2026

The Match Out: Resources keep on firing, ASX climbs to 3-month high

The ASX closed higher after a day off, buoyed by a powerful rally in precious and base metals stocks, with gold climbing to yet another all time high, now seemingly setting a new record every day, and Copper stocks chipping in too. While geopolitical noise remains in the background, the session had a risk-on feel as the rotation into resources showed no signs of slowing down with the index closing at its highest level since October.