Gold miners gain as bullion prices edge up on Fed rate cut hopes

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

** Spot gold XAU= up 0.5% at $3,661.56/ounce, after hitting a record $3,790.82/ounce earlier in the week

** The metal has risen 2% this week

** Gold prices gain after U.S. inflation data came in line with expectations, reinforcing bets that the Federal Reserve may continue with interest rate cuts later this year

** Top miner Newmont NEM.N up 1.3%

** U.S.-listed shares of South African miners Gold Fields GFI.N up 3%, AngloGold Ashanti AU.N up 3.8%, Harmony Gold HMY.N up 2.9% and Sibanye Stillwater SBSW.N up 3.3%

** Canadian miners Agnico Eagle Mines AEM.TO up 1.5% and Kinross Gold K.TO up 1.3%