Miners' Shares Fall as Gold Prices Retreat From Record High on US Fed Rate Cut Caution

MT Newswires Live
Oct 03, 2025

Shares of Ramelius Resources (ASX:RMS) fell nearly 2%, while Genesis Minerals (ASX:GMD) and Perseus Mining (ASX:PRU) each dropped around 1% in Friday trade, as gold prices retreated from a record high following comments from Dallas Federal Reserve Bank President Lorie Logan, signaling caution on further interest rate cuts.

Gold prices fell 0.5% to $3,845.78 per ounce.

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