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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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