Shares of gold mining companies rose in premarket trading on Monday after bullion prices climbed to a record high of $5,100 an ounce.
The surge extends a historic rally driven by safe-haven demand amid geopolitical tensions and global market volatility.
Gold gained about 64 per cent in 2025, marking its strongest annual performance since 1979. Analysts attribute the rally to U.S. monetary policy easing, sustained central bank purchases, and increased investor inflows into exchange-traded funds as protection against global economic risks.
A low-interest-rate environment and heightened economic uncertainty have continued to support demand for non-yielding assets such as gold.
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Bullion prices have posted consecutive record highs over the past week and have risen more than 18 per cent so far this year.
Rising gold prices typically improve miners’ revenues, margins, and cash flows, while strengthening balance sheets and supporting expansion, dividend payments, or debt reduction.
Shares of top miner Newmont rose 4.4 per cent, while U.S.-listed shares of Barrick Mining climbed 3.8 per cent.
U.S.-listed shares of South African miners Gold Fields, AngloGold Ashanti, Harmony Gold, and Sibanye-Stillwater advanced between nearly 2 per cent and 4.3 per cent.
Canadian miners Agnico Eagle Mines and Kinross Gold also gained about 4 per cent each in U.S. trading.
Market expectations of possible U.S. interest rate cuts in 2026 have further supported gold’s upward momentum.
Esther Ososanya is an investigative journalist with Pinnacle Daily, reporting across health, business, environment, metro, Fct and crime. Known for her bold, empathetic storytelling, she uncovers hidden truths, challenges broken systems, and gives voice to overlooked Nigerians. Her work drives national conversations and demands accountability one powerful story at a time.
