BUZZ-Gold miners rise on US debt concerns, Fed rate cut expectations
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U.S.-listed shares of gold miners are rising due to concerns over U.S. debt and expectations of a Federal Reserve rate cut. Spot gold prices increased by 0.8% to $4,233.15/ounce, while U.S. gold futures rose by 0.6% to $4,238.10/ounce. Major gold miners like Newmont and Barrick Mining saw increases of 1.6% and 1.8%, respectively. Other miners, including Gold Fields and AngloGold Ashanti, also experienced significant gains, with shares climbing between 2.3% and 5.6%.
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