BUZZ-Gold miners rise, supported by softer dollar
U.S.-listed shares of gold miners rise as gold prices increase, supported by a softer dollar and expectations of a U.S. interest rate cut. Notable gains include Newmont and Barrick Mining up ~1%, Gold Fields up 2.2%, AngloGold Ashanti up ~1%, Harmony Gold up 1.1%, and Canadian miners Agnico Eagle Mines and Kinross Gold gaining 1.4% and ~1%, respectively.
U.S.- listed shares of gold miners rise, tracking price of bullion premarket (GOL/)
Spot gold (XAU=) up 0.4% at $4,225.11/ounce
Prices rise supported by a softer dollar and growing bets on a U.S. interest rate cut, with markets focused on upcoming U.S. inflation data ahead of the Federal Reserve’s policy meeting next week
Top miners Newmont (NEM.N) and Barrick Mining (ABX.TO) (B.N) both up ~1%
South Africa’s Gold Fields (GFI.N) rise 2.2%, AngloGold Ashanti (AU.N) up ~1% and Harmony Gold (HMY.N) up 1.1%
Canadian miners Agnico Eagle Mines (AEM.TO) (AEM.N) and Kinross Gold (K.TO) (KGC.N) gain 1.4% and ~1%, respectively
