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Gold miners gain as bullion prices edge up on Fed rate-cut bets

ReutersAug 13, 2025 9:38 AM

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

** Spot gold XAU= up 0.4% at $3,362.14/ounce, as expectations of a Fed rate cut in September gained traction following mild inflation data, while a weaker dollar bolstered bullion demand

** Dollar index .DXY hit a two-week low, making greenback-priced bullion more affordable for overseas buyers USD/

** Top miners Newmont NEM.N up about 1% and Barrick Mining ABX.TO, B.N up marginally

** South African miners Gold Fields GFI.N and AngloGold Ashanti AU.N rise marginally each, Harmony Gold HMY.N gains 3%, Sibanye Stillwater SBSW.N up around 1%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N each up marginally

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