Gold miners gain as bullion prices edge higher

Shares of gold miners up, tracking rise in bullion prices GOL/

Spot gold XAU= up 0.5% at $3,661.56/ounce, headed for a fifth straight weekly gain, with market attention focused on further U.S. rate cut cues after the Federal Reserve's first of the year

The Fed cut its key interest rate by 25 basis points on Wednesday but tempered the move with warnings about persistent inflation, casting doubt over the pace of future easing

Bullion prices are up 0.3% so far this week

Top miner Newmont NEM.N up 3.2% and Barrick Mining ABX.TO up 5.3%

Newmont sold its stake in Orla Mining OLA.TO for $439 million on Friday

South African miners Gold Fields GFI.N up 4.1%, AngloGold Ashanti AU.N up 2.4%, Harmony Gold HMY.N gains 5.7% and Sibanye Stillwater SBSW.N up 5.6%

Canadian miners Agnico Eagle Mines AEM.TO up 2% and Kinross Gold K.TO up 3.3%