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BUZZ-Gold miners gain as rate-cut bets push bullion prices to one-week high

Reuters
Jun 12, 2025
BUZZ-Gold miners gain as rate-cut bets push bullion prices to one-week high

** U.S.-listed shares of gold miners rise premarket, tracking higher bullion prices GOL/

** Spot gold XAU= rises 0.2% to $3,360.73/ounce, after hitting its highest level since June 5 earlier in the day

** Gold price rise driven by softer U.S. inflation data that strengthened expectations of Federal Reserve rate cuts this year, while investors look to another set of inflation data for further direction

** Top miners Newmont NEM.N up 1.1% and Barrick Mining B.N up marginally

** South African miners Gold Fields GFI.N gains 3%, Harmony Gold HMY.N up 2.2% and AngloGold Ashanti AU.N rises 3.1%

** Canadian miners Agnico Eagle Mines AEM.N gains ~1% and Kinross Gold KGC.N rises marginally

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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