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Gold miners rise as bullion tops $3,600 on rate cut hopes

ReutersSep 8, 2025 2:24 PM

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

** Spot gold XAU= up 1.4% at $3,635.41/ounce, after hitting a record high of $3,636.69 in the earlier session

** Gold prices rise as soft U.S. labor data reinforced expectations the Federal Reserve will cut interest rates next week

** Top miner Barrick Mining ABX.TO gain marginally

** U.S.-listed shares of South African miner Harmony Gold HMY.N rise 3.9%, Gold Fields GFI.N up 3.4%, AngloGold Ashanti AU.N gains 2.1% and Sibanye Stillwater SBSW.N climbs 5% ** Canadian miners Kinross Gold K.TO up 1.4% and Agnico Eagle Mines AEM.TO rise ~1%

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