Gold Stocks Shine as Spot Gold Jumps 2% to $4,080/Oz. Harmony Gold, Coeur Mining up over 6%; Gold Fields up over 5%; Anglogold up 4%

Gold stocks shined in premarket trading. Harmony Gold, Coeur Mining up over 6%; Gold Fields up over 5%; Anglogold up 4%; Barrick Mining, Newmont up around 3%.

Gold rose for a second day as a weakening US economy increased the chance of a rate cut next month, outweighing progress on ending the government shutdown in Washington.

Bullion jumped almost 2% to trade above $4,080 an ounce on Monday. The precious metal built on gains made on Friday as a measure of US consumer sentiment fell to near the lowest on record, with the shutdown and rising prices souring. A private report the day before signaled a weak labor market.