BUZZ-Gold miners up as bullion hits six-week high on rate cut optimism
Gold miners' shares are rising as gold prices hit a six-week high due to optimism about a potential U.S. interest rate cut and changes in Federal Reserve leadership. Spot gold is up 0.3% at $4,241.21 per ounce. Top miners Newmont and Barrick Mining see shares increase by 1.4% and 1.8%, respectively, while Gold Fields, Harmony Gold, and Sibanye Stillwater also experience gains.
U.S.-listed shares of gold miners up premarket, as bullion prices climb to their highest level in six weeks (GOL/)
Spot gold (XAU=) up 0.3% at $4,241.21 per ounce as of 0855 GMT, after hitting its highest since October 21
Gold prices rise on investor expectations of a possible U.S. interest rate cut later this month and shifts in Federal Reserve leadership
Top miners Newmont (NEM.N) and Barrick Mining (ABX.TO) (B.N) , edge up 1.4% and 1.8% respectively
U.S.-listed shares of South African miner Gold Fields (GFI.N) climb 1.5%
Harmony Gold (HMY.N) up 1.3% and Sibanye Stillwater (SBSW.N) up slightly
