Gold miners gain as rate-cut bets push bullion prices to one-week high

ReutersJun 12, 2025 9:54 AM

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

Spot gold XAU= rises 0.2% to $3,360.73/ounce, after hitting its highest level since June 5 earlier in the day

Gold price rise driven by softer U.S. inflation data that strengthened expectations of Federal Reserve rate cuts this year, while investors look to another set of inflation data for further direction

Top miners Newmont NEM.N up 1.1% and Barrick Mining B.N up marginally

South African miners Gold Fields GFI.N gains 3%, Harmony Gold HMY.N up 2.2% and AngloGold Ashanti AU.N rises 3.1%

Canadian miners Agnico Eagle Mines AEM.N gains ~1% and Kinross Gold KGC.N rises marginally

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