Gold miners rise as bullion hits two-week high

Kinross Gold

07/05/2026 13:50

** U.S.-listed shares of gold miners up premarket as bullion prices climb to a two-week high GOL/

** Spot gold XAU= gains 1.2% to $4,749.16/ounce, after rising to its highest since April 23

** Prices are buoyed by a weaker dollar and falling oil prices as hopes of a peace deal between the U.S. and Iran tempered inflation and rate-hike concerns

** Top miners Newmont NEM.N and Barrick Mining B.N gain 3.1% and 2.4%, respectively

** South African miners: Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N rise between 2.4% and 5.4%

** Canadian miners: Kinross Gold KGC.N up 2.8% and Agnico Eagle Mines AEM.N rises 3.2%

 (Reporting by Sumit Saha in Bengaluru)

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