Gold miners surge as bullion hits record high

Kinross Gold

12/01/2026 15:37

Updates

** Shares of gold miners climb as the precious metal breaches $4,600 an ounce for the first time

** Spot gold XAU= jumps to a record high of $4,621.85 per ounce GOL/

** Prices hit record high as investors pile into safe-haven assets after uncertainty deepened over a Trump administration criminal probe into Federal Reserve Chair Jerome Powell

** Top miners: Newmont NEM.N up 4% while Barrick Mining ABX.TO climbs 3.3%

** Canadian miners: Agnico Eagle Mining  AEM.TO gains 3.8% and Kinross Gold  K.TO up 4.9%

** U.S.-listed shares of South African miners Harmony Gold HMY.N jumps 10.4% and AngloGold Ashanti AU.N climbs 6.6%

** Spot silver XAG= also hits record high at $85.69 per ounce

 (Reporting by Arunima Kumar and Sumit Saha in Bengaluru)

 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))