Gold miners gain as bullion prices edge up on weak US dollar

ReutersMay 5, 2025 9:46 AM

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

Spot gold XAU= up 1.9% at $3,302.91/ounce

Gold prices were supported by a softer U.S. dollar, as investors waited to see how U.S.-China trade relations will unfold, and for the Federal Reserve's policy meeting due later this week

Top miners Newmont NEM.N up 2.7% and Barrick Gold ABX.TO, GOLD.N up 2.5%

South African miners Gold Fields GFI.N up 5.3%, AngloGold Ashanti AU.N up 5.8%, Harmony Gold HMY.N up 4.8% and Sibanye Stillwater SBSW.N up 1.5%

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N up 3.3% and Kinross Gold K.TO, KGC.N up 2.6%

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