--- title: "U.S. stock market midday update: Blue Gold launches tokenized gold coins, market worries about future growth, stock price plummets 12.75%" type: "News" locale: "en" url: "https://longbridge.com/en/news/275020580.md" description: "Blue Gold fell 12.75%; Newmont Corporation fell 6.02%, with a transaction volume of USD 940 million; Barrick Gold fell 5.15%, with a transaction volume of USD 815 million; Agnico Eagle Mines fell 3.37%, with a transaction volume of USD 491 million; Wheaton Precious Metals fell 5.07%, with a market value of USD 60.4 billion" datetime: "2026-02-05T19:13:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275020580.md) - [en](https://longbridge.com/en/news/275020580.md) - [zh-HK](https://longbridge.com/zh-HK/news/275020580.md) --- # U.S. stock market midday update: Blue Gold launches tokenized gold coins, market worries about future growth, stock price plummets 12.75% **U.S. Stock Market Midday Update** Blue Gold fell 12.75%. Based on recent key news: 1. On February 5, Blue Gold launched a fully supported tokenized gold coin and fintech platform aimed at rapidly growing in the digital asset space. The company has diversified revenue sources, regulatory advantages, and significant mining assets, planning to expand adoption in both institutional and retail markets. This move may raise market concerns about its future growth potential, leading to a decline in stock price. 2. No other significant news recently. Competition in the digital asset space is intensifying, increasing risks. **Top Stocks by Trading Volume in the Industry** Newmont Corporation fell 6.02%. Based on recent key news: 1. On February 2, the international precious metals market saw a significant decline due to concerns over liquidity tightening triggered by the nomination of the Federal Reserve Chairman, leading to a sharp drop in gold and silver prices, which affected Newmont's stock price. Source: Zhitong Finance 2. On February 2, the Chicago Mercantile Exchange raised margin requirements for precious metals futures contracts, increasing financial pressure on investors and exacerbating market sell-offs, putting pressure on Newmont's stock price. Source: Zhitong Finance 3. On February 3, the world's largest gold ETF, GLD, saw a 50% drop in trading volume, with systematic sell-offs decreasing, stabilizing gold prices, but failing to prevent a decline in Newmont's stock price. Source: Zhitong Finance. The volatility in the precious metals market is increasing, and investors should exercise caution. Barrick Gold Corporation fell 5.15%. Based on recent key news: 1. On February 5, Barrick Gold announced plans to spin off its North American gold assets and conduct an IPO. This move is seen as a strategic reset, increasing uncertainty for investors regarding the company's future, leading to a decline in stock price. 2. On February 5, Barrick Gold released its fourth-quarter financial report, with earnings exceeding expectations, and EPS of $1.04, higher than the analyst expectation of $0.85. However, despite good performance, the market reacted poorly to the spin-off plan, putting pressure on the stock price. 3. On February 5, gold prices fell, the dollar strengthened, and geopolitical tensions eased, putting pressure on safe-haven metals and affecting Barrick Gold's stock price. Fluctuations in gold prices impact mining stock performance. Agnico Eagle Mines Limited fell 3.37%. Based on recent key news: 1. On February 5, Barrick Gold announced plans to spin off its North American gold assets, which may impact Agnico Eagle's market valuation. Barrick's spin-off plan could lead to a reassessment of North American gold assets, affecting Agnico Eagle's stock price. 2. On February 4, Goldman Sachs warned that thin inventories could lead to market volatility, with silver futures rising 7.5%. This market environment may affect the performance of precious metals-related stocks, including Agnico Eagle. 3. On February 3, central banks continued to buy gold, driving up gold prices. The rise in gold prices may have a positive impact on Agnico Eagle's stock price. Gold mining stocks are performing strongly, attracting high market attention **Stocks Ranked Among the Top in Industry Market Capitalization** Wheaton Precious Metals fell by 5.07%. Based on recent news, 1. On February 3rd, U.S. President Trump nominated Kevin Warsh as the Chairman of the Federal Reserve, causing market uncertainty. Warsh is viewed as a fiscal hawk, opposing several of the Federal Reserve's market stimulus measures, which has heightened concerns about future monetary policy and subsequently affected precious metal prices. 2. On February 3rd, JP Morgan updated its gold price target for 2026 to USD 6,300 per ounce. Although gold prices are experiencing significant volatility in the short term, the long-term bullish trend remains unchanged. JP Morgan believes that gold demand remains strong, and despite recent fluctuations, investor interest in gold will not diminish. 3. On February 3rd, volatility in the silver market increased, with industrial demand rising to 65%. However, expectations of an economic recession and a retreat in financial speculation have exacerbated the decline in silver prices. Changes in the regulatory environment have also accelerated liquidity depletion in the short term. The volatility in the precious metals market has intensified, and investors should exercise caution ### Related Stocks - [BGL.US](https://longbridge.com/en/quote/BGL.US.md) ## Related News & Research - [Blue Gold Provides Update On Cayman Islands Court Ruling In Shareholder Litigation](https://longbridge.com/en/news/286615531.md) - [Gold mining ETFs trail bullion despite strong miner earnings](https://longbridge.com/en/news/286954910.md) - [Golden Sky Minerals Consolidates Full Ownership of Rayfield Ground within Rayfield-Gjoll Project | LCKYF Stock News](https://longbridge.com/en/news/286937838.md) - [Canuc Engages Verum Mining Consultants for East Sudbury Project (ESP) | CNUCF Stock News](https://longbridge.com/en/news/287071331.md) - [Hong Kong minister touts gold as ‘bridge between conventional and new finance’](https://longbridge.com/en/news/287071587.md)