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

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%