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BUZZ-Gold miners fall as bullion prices hit two-week low

Reuters
May 01, 2025
BUZZ-Gold miners fall as bullion prices hit two-week low

** U.S.-listed shares of gold miners fall premarket, tracking dip in bullion prices

** Spot gold XAU= down 2.1% at $3,219.57/ounce

** Gold prices declined to two-week low, hurt by stronger U.S. dollar and signs of easing trade tensions reduced bullion's safe-haven appeal

** Strong U.S. dollar makes bullion more expensive for buyers holding other currencies

** Top miners Newmont NEM.N and Barrick gold ABX.TO, GOLD.N falls 3% each

** South African miners AngloGold Ashanti AU.N falls 5.6%, Harmony Gold HMY.N dips 5.1% and Sibanye Stillwater SBSW.N down 2.6%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N down 2.8% and Kinross Gold K.TO, KGC.N falls 3.1%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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