Gold miners gain as bullion rises on US rate-cut hopes, government shutdown woes

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

Spot gold XAU= up 0.8% at $4,010.72/ounce

Prices rise as expectations for further interest rate cuts from the Federal Reserve and lingering concerns over U.S. economic outlook amid a prolonged government shutdown buoyed demand

Top miners Newmont NEM.N and Barrick Mining B.N both rise 1.4% and 1%, respectively

U.S.-listed shares of South African miners Sibanye Stillwater SBSW.N and Gold Fields GFI.N gain 3% and 3.8%, respectively

Canadian miners Kinross Gold K.TO, KGC.N and Agnico Eagle Mines AEM.TO, AEM.N up 1.6% and 1.5%, respectively