Gold miners gain as bullion rises on softening US labor market

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

Spot gold XAU= up 0.3% at $4,319.89 per ounce

Prices rise after U.S. jobs data showed a softening labor market, rekindling expectations of further rate cuts next year and boosting demand for precious metals

Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N gain 1.1% and 1.3% respectively

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N up ~1% and 1.3% respectively

South African miner Harmony Gold HMY.N up 2.6%, and Gold Fields GFI.N gains 1.5%