Gold miners rise as bullion prices extend rally above $5,300/oz

Kinross Gold

28/01/2026 09:53

** U.S.-listed shares of gold miners up premarket, tracking the rise in bullion prices GOL/

** Spot gold XAU= up 2.3% at $5,305.65 per ounce, after hitting a record high of $5,311.31/ounce. It has gained more than 20% since the start of the year

** Gold prices broke through $5,300/ounce for the first time as the U.S. dollar plunged to a near four-year low, ahead of a Federal Reserve monetary policy decision

** A weaker dollar makes greenback-priced bullion more attractive to overseas buyers

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

** South African miners Gold Fields GFI.N up 2.3%, AngloGold Ashanti AU.N rises 1%, Harmony Gold HMY.N adds 2.4% and Sibanye Stillwater SBSW.N gains 1.6%

** Canadian miner Agnico Eagle Mines AEM.TO, AEM.N rises 1.9% and Kinross Gold K.TO, KGC.N up 1.8%

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com))