BUZZ-Gold miners gain on rising odds of deeper US rate cut

Reuters
2024.09.05 12:56
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U.S.-listed shares of gold miners rise premarket, tracking prices of the bullion (GOL/) Spot gold (XAU=) up 1.1% at $2,521.88/ounce, fuelled by wide expectations of a deeper U.S. Federal Reserve rate-cutting cycle starting this monthTop miners Newmontand Barrick Goldup 1.5% and 1.8%, respectivelySouth African miners Gold Fields, Sibanye Stillwaterand Anglogold Ashantigain between 1.1% and 1.9%Canadian miners Kinross Gold (K.TO) and Agnico Eagle Mines (AEM.TO) both rise about 1.5%