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

Kinross Gold

28/01/2026 15:12

Updates

** Shares of gold miners up, tracking the rise in bullion prices GOL/

** Spot gold XAU= up 2.2% at $5,295.23 per ounce, after touching a record $5,311.31/ounce. It gained more than 3% in the previous session

** Gold prices climb above $5,300/ounce for the first time, driven by economic uncertainty and a weakening U.S. dollar, as investors awaited the Federal Reserve's policy decision amid increasing concerns over its independence

** The U.S. dollar index .DXY hovered near four-year lows, making greenback-priced bullion cheaper for overseas buyers. USD/

** Top miners Newmont NEM.N up 3% and Barrick Mining ABX.TO rise 1%

** South African miners: Gold Fields GFI.N up 4.1%, AngloGold Ashanti AU.N rises 3.2%, Harmony Gold HMY.N adds 6.5% and Sibanye Stillwater SBSW.N gains 3.5%

** Canadian miners: Agnico Eagle Mines AEM.TO rises 2.5% and Kinross Gold K.TO up marginally

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com))