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Gold miners gain as bullion rises on rate cut bets

ReutersDec 12, 2025 9:54 AM

U.S.-listed shares of gold miners rise premarket, tracking prices of the precious metal GOL/

Spot gold XAU= up 0.1% at $4,286.35 per ounce, is on track for a 2.1% weekly gain after hitting its highest since October 21 on Thursday

Prices rise supported by expectations of more interest rate cuts next year after the U.S. Federal Reserve pushed back against hawkish market bets

Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N gain ~2% and 1.4% respectively

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N up 1.7% each

South African miner Harmony Gold HMY.N up 1%

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