BUZZ-Gold miners down as bullion prices edge lower on strong US dollar

Reuters
3 hours ago
BUZZ-Gold miners down as bullion prices edge lower on strong US dollar

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

** Spot gold XAU= down 1.5% at $4,918.65/ounce, after losing over 2% earlier in the session

** Gold prices fall to a more than one-week low, pressured by a stronger U.S. dollar as investors tracked cues on geopolitics and the Federal Reserve's monetary policy

** The U.S. dollar index .DXY rose 0.2% against a basket of currencies, making greenback-priced bullion more expensive for holders of other currencies USD/

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N fall 3.7% and 2.9%, respectively

** South African miners Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N lose between ~4% and ~7%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N each fall 3%

(Reporting by Pooja Menon in Bengaluru)

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10