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Gold miners surge as bullion hits record high

ReutersJan 12, 2026 3:37 PM

Shares of gold miners climb as the precious metal breaches $4,600 an ounce for the first time

Spot gold XAU= jumps to a record high of $4,621.85 per ounce GOL/

Prices hit record high as investors pile into safe-haven assets after uncertainty deepened over a Trump administration criminal probe into Federal Reserve Chair Jerome Powell

Top miners: Newmont NEM.N up 4% while Barrick Mining ABX.TO climbs 3.3%

Canadian miners: Agnico Eagle Mining AEM.TO gains 3.8% and Kinross Gold K.TO up 4.9%

U.S.-listed shares of South African miners Harmony Gold HMY.N jumps 10.4% and AngloGold Ashanti AU.N climbs 6.6%

Spot silver XAG= also hits record high at $85.69 per ounce

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