Gold miners rise as bullion heads for weekly gain

Kinross Gold

08/05/2026 11:50

** U.S.-listed shares of gold miners gain premarket as bullion prices remains on course for a weekly gain GOL/

** Spot gold XAU= up 0.8% at $4,726.82 an ounce; gaining over 2.3% so far this week, the most since March 30

** Prices gain as markets priced in optimism over a prospective U.S.–Iran peace agreement, helping temper concerns high inflation will lead to higher-for-longer interest rates

** Top miners: Newmont NEM.N and Barrick Mining B.N gain 1.7% and 0.8%, respectively

** South African miners: Harmony Gold HMY.N up 2%, AngloGold Ashanti AU.N climbs 3.2% and Sibanye Stillwater SBSW.N rises marginally

** Canadian miners: Agnico Eagle Mines AEM.N gains 1.3% and Kinross Gold KGC.N rises 1.2%

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))