Shares of gold mining companies surged in premarket trading on Monday after bullion prices soared to a fresh all-time high of $5,100 per ounce, extending one of the strongest rallies in the

metal’s modern history.

Gold’s rise reflects intensifying demand for safe-haven assets as investors navigate ongoing geopolitical tensions, volatile equity markets and growing macroeconomic uncertainty. The precious metal is now up around 64% in 2025, marking its steepest annual gain since 1979.

The rally has been driven by a combination of U.S. monetary policy easing, aggressive central bank purchases, and renewed inflows into gold-backed exchange-traded funds as investors seek protection from global policy risks.

Low interest rates and economic uncertainty have traditionally favored non-yielding assets such as gold, and the current environment has amplified that trend. Bullion prices have notched multiple record highs over the past week and are already up more than 18% year-to-date.

For gold miners, the price surge is translating directly into improved financial prospects. Higher bullion prices typically lift revenues and profit margins, strengthen cash flows and balance sheets, and provide greater flexibility for funding expansion projects, increasing dividends or reducing debt.

Major producers saw strong gains in early trading. Newmont rose 4.4%, while U.S.-listed shares of Barrick Mining climbed 3.8%. South African miners also advanced, with Gold Fields, AngloGold Ashanti, Harmony Gold, and Sibanye Stillwater posting gains ranging from nearly 2% to 4.3%.

As gold continues to attract investors seeking stability amid uncertainty, mining stocks appear well positioned to benefit from the metal’s historic run. Photo by istara, Wikimedia commons.