Gold miners up as bullion hits six-week high on rate cut optimism

U.S.-listed shares of gold miners up premarket, as bullion prices climb to their highest level in six weeks GOL/

Spot gold XAU= up 0.3% at $4,241.21 per ounce as of 0855 GMT, after hitting its highest since October 21

Gold prices rise on investor expectations of a possible U.S. interest rate cut later this month and shifts in Federal Reserve leadership

Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N, edge up 1.4% and 1.8% respectively

U.S.-listed shares of South African miner Gold Fields GFI.N climb 1.5%

Harmony Gold HMY.N up 1.3% and Sibanye Stillwater SBSW.N up slightly