Gold miners rise on Fed rate cut hopes

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

Spot gold XAU= up 0.2% at $3,552.50/ounce, on track for its best weekly gain in three months

Gold edged higher on expectations of a Federal Reserve rate cut, while investors await U.S. non-farm payrolls data

The precious metal offers no yield and typically performs well in a low-interest-rate environment

Top miners Newmont NEM.N and Barrick Mining B.N rise ~1% and 0.6% respectively

South African miner Harmony Gold HMY.N up ~1.8%

Canadian miner Kinross Gold KGC.N rises 0.6%