Gold miners are experiencing an upward swing due to higher prices of the gold.

Spot gold saw an increase of 2.3% at $1911.09 per ounce, spurred by turmoil in the Middle East which fueled safe-haven demand for the precious metal.

This uptick was also driven by anticipations that the U.S.

interest rates may have reached their zenith.

Top gold miners such as Newmont and Barrick Gold saw a rise of 1.1% and 2.5%, respectively.

U.S.-listed shares of South African miners Sibanye Stillwater, AngloGold Ashanti, Harmony Gold Mining and Gold Fields experienced an increase between 3% and 5.9%.

Canadian miners including Franco-Nevada, Agnico Eagle Mines and Kinross Gold also experienced a rise between 2.1% and 2.9%.

In separate news, the majority of Newcrest Mining shareholders voted in favor of a buyout offer proposed by Newmont.

Newcrest Mining (ASX:NCM) is an Australian mining company, known primarily for its gold production.