Market Close 23 Jan 26: Life360 soars, gold miners hit record highs

The Aussie market capped a volatile week with a modest gain, as record-breaking gold prices and a tech surge offset weakness in the banking sector. Gold miners remained the standout story, with Evolution, Westgold, and Genesis hitting all-time highs as the precious metal tracked toward its strongest weekly gain since 2020. However, the day’s top performer was Life360, which skyrocketed 27% after hiking profit targets following record user growth. Guzman y Gomez also climbed 4% on an exclusive delivery deal with Uber. Looking ahead, a holiday-shortened week looms with the market closed Monday, followed by a high-stakes local inflation update and earnings from US giants Apple and Microsoft. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.