Precious metals miners gain on US rate cut bets

Fortuna Mining

21/11/2025 17:53

Updates

** Shares of gold miners rise, tracking rising prices of the metals GOL/

** Spot gold XAU= 0.13% at $4,082.79/ounce, after falling more than 1% earlier in the session; bullion has dipped 0.5% this week

** Gold prices rise as traders boosted bets on a December U.S. interest rate cut following dovish Fed comments

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N up 1.4% each

** South African miners Gold Fields GFI.N up 2.5%, AngloGold Ashanti AU.N up ~1% and Sibanye Stillwater SBSW.N up marginally

** Canadian miners up ~2%, Agnico Eagle Mines AEM.TO  up 1% and Kinross Gold K.TO up 1%

** Silver miners also gain; First Majestic AG.TO, Endeavour Silver EDR.TO up 1.2% and 2%, respectively

** Fortuna Mining FVI.TO climbs 1.7%

 (Reporting by Pooja Menon and Sumit Saha and Dharna Bafna in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))