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U.S.-listed gold miners' shares rise in premarket trading as spot gold prices increase, reaching a record high of $4,639.42 per ounce. This surge follows softer-than-expected U.S. inflation data, which bolsters expectations for interest rate cuts amid geopolitical uncertainty. Notable gains include Newmont (up 1.3%), Barrick Mining (up 1.6%), Harmony Gold (up 1.4%), Gold Fields (up 1.8%), and Sibanye Stillwater (up 3.9%). Canadian miners Agnico Eagle and Kinross Gold both see a rise of 1.9%.
Shares of gold miners surged as spot gold reached a record high of $4,621.85 per ounce, driven by increased demand for safe-haven assets amid political uncertainty. Notable gains included Newmont up 4%, Barrick Mining up 3.3%, Agnico Eagle Mining up 3.8%, and Kinross Gold up 4.9%. U.S.-listed South African miners also saw significant increases, with Harmony Gold rising 10.4% and AngloGold Ashanti climbing 6.6%. Additionally, spot silver reached a record high of $85.69 per ounce.
U.S. gold miners' shares rise as spot gold prices exceed $4,600 per ounce for the first time, reaching a record high of $4,956.32. Investors are turning to safe-haven assets due to geopolitical uncertainties and a probe into Federal Reserve Chair Jerome Powell. Major miners like Newmont and Barrick Mining see increases of 2.7% and 2.8%, respectively, while Agnico Eagle, Kinross Gold, and Anglogold Ashanti rise between 2.5% and 4.7%. Spot silver also reaches a record high at $84.60 per ounce.
(Updates) Shares of gold miners gain, tracking the price of bullion (GOL/) Spot gold (XAU=) up 0.2% at $4,485.73/ouncePrices are up as investors weigh weaker-than-expected U.S. payrolls data along with broader policy and geopolitical uncertaintyTop miner Newmontup marginally and Barrick Mining (ABX.TO) up 1.3%South African miner Gold Fieldsup ~1%, Harmony Goldup marginally and Sibanye Stillwaterup 3.2%Canadian miners Agnico Eagle Mines (AEM.TO) up 2.5% and Kinross Gold (K.TO) gains ~2%
U.S.-listed shares of gold miners fall, tracking the price of bullion premarket (GOL/) Spot gold (XAU=) down 0.2% at $4,465.96/ounce Prices dip as investors weigh geopolitics against the ongoing rebalancing of commodity indexes, with focus also turning to a crucial U.S. non-farm payrolls report due later in the dayTop miner Newmontfalls ~1% and Barrick Mining (ABX.TO) down marginallySouth African miner Gold Fields (GFIJ.J) falls ~1%Canadian miners Agnico Eagle Mines (AEM.TO) and Kinross Gold (K.TO) both down ~1%
