Jan 26 (Reuters) - Shares of gold miners jumped in premarket trading on Monday, as bullion prices surged to a record high of $5,100 an ounce, extending a historic rally driven by safe-haven demand amid geopolitical uncertainties and market volatility.
Gold rose about 64% in 2025, its steepest annual increase since 1979, fueled by U.S. monetary policy easing, robust central bank buying and investor flows into ETFs as a hedge against global policy risks and macro uncertainty.
A low-interest-rate environment and economic uncertainty traditionally favour non-yielding assets such as gold.
"We now see gold reaching $6,000 per ounce by year-end, with the caveat that this is probably a conservative estimate and it could well go higher," said analysts at Societe Generale.
Bullion prices have set consecutive record peaks over the past week and have already risen more than 18% this year.
A higher gold price environment typically boosts miners' revenues and margins, strengthens cash flows and balance sheets, and gives companies more room to fund expansion, dividends or debt reduction.
Top miner Newmont (NEM.N), rose 4.3% and U.S.-listed shares of Barrick Mining (ABX.TO), climbed 3.4%.
Market expectations of potential interest cuts in the U.S. in 2026 have also contributed to the upward momentum in gold prices.
U.S.-listed shares of Canadian miners Agnico Eagle Mines (AEM.TO), and Kinross Gold (K.TO), were each up nearly 4%.
Tracking the bullion rally, silver prices scaled a new high above $100 an ounce on Friday, building on its record 147% rise last year.
Shares of Hecla Mining (HL.N), and Coeur Mining (CDE.N), rose 6.4% and 5.3%, respectively.
U.S.-listed shares of Canada-based Endeavour Silver (EDR.TO), Silvercorp Metals (SVM.TO), and Wheaton Precious Metals (WPM.TO), added between 4.3% and nearly 6%.
In addition, ETFs abrdn Physical Silver Shares (SIVR.P), gained 6.4% and iShares Silver Trust (SLV.P), jumped 6%.
Reporting by Pooja Menon in Bengaluru; Editing by Maju Samuel
