Horizon Investments CIO Scott Ladner noted that the current market reassessment reflects a nominal GDP growth path supported by sustained capital investment. This momentum arrives alongside a significant geopolitical pivot: President Trump has finalized a 30-year civilian nuclear deal with Saudi Arabia. Valued at tens of billions of dollars, the agreement secures a dominant position for American firms in developing the Kingdom’s nuclear infrastructure while effectively limiting foreign competition.

Simultaneously, the mining industry is seeing consolidation at the top. NovaGold Resources is acquiring the 40% stake held by Paulson in the Donlin Gold project, moving to secure full control over the site slated to become the largest gold mine in the United States. The resulting entity, NovaGold Corporation, will be a U.S.-domiciled firm valued at approximately $4.2 billion. Existing shareholders will retain 65% of the new company, with Paulson holding the remaining 35%.