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BUZZ-Gold miners rise as bullion climbs above key $3,900 level for first time

Reuters
Oct 06
BUZZ-Gold miners rise as bullion climbs above key $3,900 level for first time

** U.S.-listed shares of gold miners rise premarket, as bullion prices touched an all-time high on Monday, soaring above the $3,900-per-ounce level

** Spot gold XAU= up 1.5% at $3,942.59/ounce

** Prices rise as investors flocked to safe-haven bullion amid the U.S. government shutdown, broader economic uncertainty and prospects of further U.S. Federal Reserve rate cuts

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N rise 1.7% and 2%, respectively

** U.S.-listed shares of South African miners Gold Fields GFI.N rise 0.7%, AngloGold Ashanti AU.N gain 2.1% and Harmony Gold HMY.N up 2.2%

** U.S.-listed shares of Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold KGC.N gain 1.7% and 1.8%, respectively

(Reporting by Katha Kalia in Bengaluru)

((katha.kalia@thomsonreuters.com;))

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