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

ReutersSep 23, 2025 4:33 PM

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

** Spot gold XAU= up 0.7% at $3,771.94/ounce, after hitting fresh record high of $3,790.82 earlier in session

** Gold prices climb to new record high, aided by safe haven flows amid geopolitical uncertainty and expectations of U.S. rate cuts as investors await Fed Chair Jerome Powell's speech for policy signals

** Top miner Newmont NEM.N up 1.8% and Barrick Mining ABX.TO up marginally

** U.S. listed shares of South African miners Harmony Gold HMY.N and Sibanye Stillwater SBSW.N up ~6% and 4% respectively

** Canadian miners Agnico Eagle Mines AEM.TO gains 1% and Kinross Gold K.TO up ~2%

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