Gold mining stocks rise premarket as gold nears one-month high

Newmont, Gold Fields and Harmony Gold all gained in pre-market trading, while the SPDR Gold ETF climbed 2.1% as bullion prices approached a one-month high.

Summary

U.S.-listed gold mining shares moved higher in pre-market trading as gold prices approached a one-month high, a backdrop that typically supports sentiment toward producers and gold-linked funds. Gate market data showed Newmont Corporation rising 3.5%, Gold Fields Limited gaining 5.4%, and Harmony Gold Mining Company Limited advancing 4.6%, while the SPDR Gold ETF climbed 2.1%.

Terms & Concepts
  • SPDR Gold ETF: Exchange-traded fund tracking gold prices
  • pre-market trading: Share trading before regular market hours