BUZZ-Gold miners down as bullion prices edge lower after record surge
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Shares of gold miners decline as bullion prices drop 4.2% to $4,177.81/ounce, marking the steepest fall since November 2020. This decline follows a record high of $4,381.21/ounce, driven by profit-taking after a surge fueled by geopolitical uncertainty and interest rate cut expectations. Major miners like Newmont and Barrick Mining fell 7.7% and 8.2%, respectively, while South African miners also saw significant drops, with Sibanye Stillwater down 11.6%.
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