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BUZZ-Gold miners gain as bullion hits record on US shutdown, Fed rate cut bets

Reuters
Oct 01
BUZZ-Gold miners gain as bullion hits record on US shutdown, Fed rate cut bets

Updates

** Shares of gold miners rise, tracking higher bullion prices GOL/

** Spot gold XAU= up 0.3% at $3,870.88/ounce, after hitting an all-time high of $3,895.09 earlier in the session

** Gold prices hit a record high, boosted by a weaker dollar, safe-haven demand amid the U.S. government shutdown and soft jobs data that reinforced Fed rate cut expectations

** Top miners Newmont NEM.N and Barrick Mining ABX.TO rise 1.9% and 2.4%, respectively

** U.S.-listed shares of South African miners Gold Fields GFI.N rises 1%, AngloGold Ashanti AU.N gains 2.9% and Harmony Gold HMY.N up 2.3%

** Canadian miners Agnico Eagle Mines AEM.TO rises 1.3% and Kinross Gold K.TO up 1.8%

(Reporting by Sumit Saha in Bengaluru)

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

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