BUZZ-Gold miners down on stronger equities as investors look ahead to next Fed meeting
U.S.-listed shares of gold miners fell premarket, tracking a decline in bullion prices. Spot gold dropped 0.2% to $4,199.30/ounce as equity market gains in Asia and Europe reduced demand for safe-haven assets. Investors are now focusing on the upcoming Fed meeting and U.S. data for interest rate cues. Top miners Newmont and Barrick Mining fell around 1%, while South African and Canadian miners also saw declines.
U.S.-listed shares of gold miners down premarket, tracking fall in bullion prices (GOL/)
Spot gold (XAU=) down 0.2% at $4,199.30/ounce
Prices fall as equity market gains in Asia and Europe reduce demand for safe-haven assets while investors now focus on next week’s Fed meeting and U.S. data for cues on interest rates
Top miners Newmont (NEM.N) down ~1% and Barrick Mining (ABX.TO) falls marginally
South African miners Gold Fields (GFI.N) and AngloGold Ashanti (AU.N) down ~1% each, Harmony Gold (HMY.N) slips marginally and Sibanye Stillwater (SBSW.N) sheds 1.4%
Canadian miners Agnico Eagle Mines (AEM.TO) (AEM.N) and Kinross Gold (K.TO) (KGC.N) dip ~1% each
