BUZZ-Gold miners fall as bullion prices edge lower on profit-taking

Reuters
Sep 30
BUZZ-Gold miners fall as bullion prices edge lower on profit-taking

** U.S.-listed shares of gold miners down premarket, tracking decline in bullion prices GOL/

** Spot gold XAU= down 0.7% at $3,804.44/ounce, after rising 1% to hit record high of $3,871.45/ounce during Asia hours

** Bullion has risen 10.4% in September and is on track for its biggest monthly percentage gain since July 2020

** Gold prices fell as investors booked profits after prices hit a record high earlier in the session, while concerns of a U.S. government shutdown and increased bets of a Federal Reserve rate cut limited losses

** Top miners Newmont NEM.N down 2.2% and Barrick Mining ABX.TO, B.N down 1.9%

** South African miners Gold Fields GFI.N down ~1%, Harmony Gold HMY.N down 2.6%, AngloGold Ashanti AU.N down 1.6% and Sibanye Stillwater SBSW.N down 1.3%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N down 2.1% and 1.2%, respectively

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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