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BUZZ-Gold miners gain as bullion prices edge higher

ReutersJan 24, 2025 11:50 AM

** U.S.-listed shares of gold miners jump premarket as bullion prices hit their highest level since October GOL/

** Spot gold XAU= up 0.9% at $2,777.69/ounce, its highest since Oct. 31 when it hit a record high of $2,790.15/ounce

** Gold prices are headed for a fourth consecutive week of gains, steered by U.S. President Donald Trump's calls to lower interest rates and uncertainty surrounding his trade policies

** Top miner Newmont NEM.N and Barrick Gold GOLD.N each up ~1%

** U.S.-listed shares of South African miners Gold Fields GFI.N up 3.7%, Harmony Gold HMY.N rises 2.9%, AngloGold Ashanti AU.N up 2.3%, Sibanye Stillwater SBSW.N rises 3.6%

** U.S.-listed shares of Canadian miner Kinross Gold KGC.N up 1.7%

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