Gold miners gain as bullion hits one-week high

ReutersJun 12, 2025 4:45 PM

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Shares of gold miners rise, tracking higher bullion prices GOL/

Spot gold XAU= rises 1.1% to $3,389.51/ounce, after hitting its highest level since June 5 earlier in the day

Gold price rise steered by simmering Middle East tensions and cooler U.S. economic data, which fuelled fresh bets on Federal Reserve rate cuts

Top miners Newmont NEM.N up ~4% and Barrick Mining ABX.TO gains 3.5%

U.S.-listed shares of South African miners Gold Fields GFI.N gain 3.7%, Harmony Gold HMY.N up 4.2%, Sibanye Stillwater SBSW.N up 3.5% and AngloGold Ashanti AU.N rise 6.6%

Canadian miners Agnico Eagle Mines AEM.TO gains 2.6% and Kinross Gold K.TO rises 2.4%

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