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Gold miners gain as bullion hits record high on rate cut hopes ahead of Powell's speech

ReutersSep 23, 2025 10:44 AM

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

** Spot gold XAU= up 1% at $3,784.01/ounce, after hitting fresh record high of $3,790.82 earlier in session

** Gold prices climb to new record high, driven by rising expectations of U.S. rate cuts as investors await Fed Chair Jerome Powell's speech for policy signals

** Top miners Newmont NEM.N and Barrick Mining B.N up about 1% each

** South African miners Harmony Gold HMY.N and Sibanye Stillwater SBSW.N up 1.4% each

** Canadian miners Agnico Eagle Mines AEM.N gains 1.6% and Kinross Gold KGC.N rises 1.4%

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