Gold Price Surge and Mining Equity Rally

Gold surged past $5,590, GDX at decade-high, driven by rate cut expectations and central bank buying. Retail inflows accelerating. Mining stocks still undervalued relative to DCF. Craig Hemke confirms technical breakout and macro tailwinds. Next catalysts: FOMC minutes Aug 19 and Jackson Hole. Frank Holmes SWOT roundup reinforces momentum. A new analytical piece models Fed policy impact on Q2 2026 earnings, highlighting low-cost miners like Newmont and Agnico Eagle as best positioned. Bank of America notes gold has moved quicker than expected.