Gold miners gain as bullion notches record high on Fed rate cut bets

U.S.-listed shares of gold miners rise premarket, tracking a gain in price of bullion GOL/

Spot gold XAU= up 1% at $4,632.03/ounce, after hitting a record high of $4,639.42 earlier in the session

Prices gain as softer-than-expected U.S. inflation readings cemented bets for interest rate cuts amid ongoing geopolitical uncertainty

Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N up 1.3% and 1.6%, respectively

South African miners Harmony Gold HMY.N climbs 1.4%, Gold Fields GFI.N rises 1.8% and Sibanye Stillwater SBSW.N gains 3.9%

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N up 1.9% each