Gold miners rise as bullion prices edge higher on lower oil prices
GLD•U.S.-listed gold miners rose before the market opened as spot gold gained 0.6% to $3,898.19 an ounce, with lower oil prices easing some inflation concerns.
1. Gold prices rebound
Spot gold rose 0.6% to $3,898.19 an ounce after ending 3.6% lower and hitting its lowest level since October 2025 on Friday. The rebound followed a drop in oil prices that eased some inflation concerns, while investors turned their focus to this week's U.S. midterm elections and their broader impact on fiscal policies. Newmont and Barrick Gold shares gained 1.3% and 1.4%, respectively; South African miners rose between 1.4% and about 3%, while Agnico Eagle Mines added 1.6% and Kinross Gold rose about 2%.
