{"id":69742,"date":"2026-01-28T18:16:42","date_gmt":"2026-01-28T18:16:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=69742"},"modified":"2026-01-28T18:16:42","modified_gmt":"2026-01-28T18:16:42","slug":"gold-rallies-to-5300-memory-stocks-go-wild-whats-moving-markets-wednesday","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=69742","title":{"rendered":"Gold Rallies To $5,300, Memory Stocks Go Wild: What&#8217;s Moving Markets Wednesday?"},"content":{"rendered":"<div>\n<p>Wall Street posted modest gains on Wednesday, while gold extended its relentless rally, shattering records above $5,300 an ounce ahead of the Federal <a href=\"https:\/\/www.benzinga.com\/markets\/economic-data\/26\/01\/50172918\/fed-meeting-preview-trump-powell-independence-political-risks-us-dollar-performance\">Open Market Committee meeting.<\/a><\/p>\n<p>The yellow metal is now up more than 22% this month, putting it on track for its strongest <a href=\"https:\/\/www.benzinga.com\/markets\/economic-data\/26\/01\/50194988\/dollar-performance-january-2026-gold-and-silver-rally-analysis-forex-precious-metals-what-next\">monthly performance since January 1980.<\/a> Meanwhile, silver rose nearly 3% to $114 per ounce, eyeing its best-performing month ever after surging 59% year-to-date. <\/p>\n<p>U.S. equities opened higher but lost momentum as the session wore on. The S&amp;P 500 briefly touched a fresh all-time high near 7,000 before slipping about 30 points in midday New York trading. The Nasdaq 100 outperformed, rising 0.4% to break above 26,000 and move closer to its October record of 26,182.<\/p>\n<h3 class=\"wp-block-heading\">Chipmakers Led Gains<\/h3>\n<p>Memory and storage stocks soared after <strong>Seagate Technology Inc<\/strong>. <a class=\"ticker-link\" data-ticker=\"STX\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/STX\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/STX\">STX<\/a>) crushed Wall Street expectations and raised full-year guidance, citing a worsening global supply crunch and fully booked orders amid surging AI demand.<\/p>\n<p>Seagate shares surged nearly 20%, lifting peers <strong>Sandisk Corp. <\/strong><a class=\"ticker-link\" data-ticker=\"SNDK\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/SNDK\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/SNDK\">SNDK<\/a>) and <strong>Western Digital Corp<\/strong>. <a class=\"ticker-link\" data-ticker=\"WDC\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/WDC\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/WDC\">WDC<\/a>), which climbed 7.3% and 9%, respectively. Micron Technology Inc. <a class=\"ticker-link\" data-ticker=\"MU\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/MU\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/MU\">MU<\/a>) added more than 5%.<\/p>\n<p>Sandisk has now spiked by more than 1,330% since its February 2025 IPO, underscoring the severity of the <a href=\"https:\/\/www.benzinga.com\/news\/26\/01\/50197211\/seagate-earnings-sandisk-performance-versus-nvidia-western-digital-memory-chip-giant-stocks-to-buy-2026\">memory and storage shortage. <\/a><\/p>\n<p>The Fed is widely expected to keep interest rates unchanged at 3.50%\u20133.75%, signaling no urgency to further ease borrowing costs. <\/p>\n<p>Still, attention is focused on Chair <strong>Jerome Powell<\/strong>&#8216;s press conference, coming just weeks after the opening of a criminal investigation into the Fed&#8217;s building renovation project\u2014an issue Powell has framed as another attempt by &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/news\/26\/01\/50201189\/stock-market-news-wednesday-fomc-preview-wall-street-seagate-earnings-sandisk-rally-gold-5300?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Gold\" rallies to memory stocks go wild: what moving markets wednesday>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street posted modest gains on Wednesday, while gold extended its relentless rally, shattering records above $5,300 an ounce ahead of the Federal Open Market Committee meeting. The yellow metal is now up more than 22% this month, putting it on track for its strongest monthly performance since January 1980. Meanwhile, silver rose nearly 3% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-69742","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69742"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69742\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}