i-80 Gold (IAUX) Surges 1.88% on Cyclical Rotation, Extends 3-Session Rally to 10.14%

i-80 Gold (IAUX) surged 1.88% on Thursday, extending its winning streak to three consecutive sessions with a cumulative gain of 10.14%. The stock hit an intraday high of $X.XX, marking its strongest level since late September 2025, as buyers showed renewed confidence in the gold producer’s near-term prospects. The rally, fueled by broader market rotation into cyclical sectors, pushed the stock above key resistance levels, though volume remained muted compared to recent averages.

While no company-specific catalysts were identified in the latest reporting period, the move aligns with broader sectoral trends. Gold equities have benefited from renewed interest in inflation-hedging assets amid uncertainty around central bank policy paths. Analysts noted that technical buying and short-covering activity likely amplified the upward momentum, with the 50-day moving average now acting as a critical support level. However, sustainability of the rally hinges on follow-through demand and macroeconomic data releases due next week.

Investor sentiment appears cautiously optimistic, with the stock’s performance outpacing peers in the junior mining space. The recent price action suggests improved risk appetite among speculative traders, though fundamental factors such as production timelines or reserve disclosures remain pending. Market participants will closely watch upcoming earnings reports for clarity on operational progress and cost management strategies.

Looking ahead, the 200-day moving average at $X.XX represents a key psychological threshold. A sustained break above this level could attract institutional participation, while a pullback to test the $X.XX support zone may test the resilience of the current bullish momentum. Positioning metrics indicate moderate open interest, suggesting the market remains balanced between bullish conviction and profit-taking pressures.