Shares Of Gold Mining Companies Jumped With Gold

The precious metal is breaking records.

Gold mining stocks jumped on Monday as gold prices jumped to a record $5,100 an ounce, continuing a historic rise driven by demand for safe-haven assets.

This was reported by Reuters.

Gold is up about 64% in 2025, the sharpest annual rise since 1979, driven by easing U.S. monetary policy, aggressive central bank purchases and investor inflows into ETFs as a hedge against global political risk and macroeconomic uncertainty.

"We now forecast the gold price to reach $6,000 an ounce by the end of the year, but this is probably a conservative estimate and the price could rise even higher," Societe Generale analysts said.

Gold bullion prices have set record highs over the past week and are already up more than 18% this year.

Shares of top miners Newmont rose 3% and Barrick Mining rose 2.3%.

Canadian miners Agnico Eagle Mines rose 2.6% and Kinross Gold rose nearly 4%.

Superior gold prices followed the rise in gold prices, silver prices rose to a new high above $100 an ounce on Friday, extending a record 147% rise last year.

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