Precious metals miners gain on US rate cut bets

Shares of gold miners rise, tracking rising prices of the metals GOL/

Spot gold XAU= 0.13% at $4,082.79/ounce, after falling more than 1% earlier in the session; bullion has dipped 0.5% this week

Gold prices rise as traders boosted bets on a December U.S. interest rate cut following dovish Fed comments

Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N up 1.4% each

South African miners Gold Fields GFI.N up 2.5%, AngloGold Ashanti AU.N up ~1% and Sibanye Stillwater SBSW.N up marginally

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

Silver miners also gain; First Majestic AG.TO, Endeavour Silver EDR.TO up 1.2% and 2%, respectively

Fortuna Mining FVI.TO climbs 1.7%