Barrick Gold Surges 7.18% Amid Gold Rally, Ranked 44th in Trading Volume After $1.7B Decline

On September 22, 2025, , . The rally follows renewed investor focus on gold equities amid shifting macroeconomic signals and sector-specific catalysts.

Analysts noted that the move aligns with broader market rotation toward as central bank policy expectations evolve. Barrick’s performance was further bolstered by operational updates from its key projects, including production guidance adjustments and exploration progress in core regions. The stock’s liquidity profile, while lower than recent peaks, remains robust compared to peers in the .

For the proposed evaluating a daily-rebalanced cross-sectional strategy based on trading volume rankings, the following parameters require clarification: universe constraints (e.g., U.S. equities only), (equal-weight vs. volume-dollar), execution timing (open-to-close vs. close-to-close), and assumptions. A comprehensive signal file and portfolio engine setup are necessary to simulate the 500-name basket strategy from January 3, 2022, to the present.

The backtest framework must address capital allocation rules, benchmark comparisons (e.g., SPY), and platform capabilities to handle , multi-asset trades. Confirming preferences for and rebalancing frequency will ensure accurate performance measurement. Once finalized, the signal file will be generated to execute the .