BUZZ-Gold miners gain as oil price drop eases inflation, high rate concerns

Reuters
5 hours ago
BUZZ-Gold miners gain as oil price drop eases inflation, high rate concerns

** U.S.- listed shares of gold miners rise premarket, tracking higher prices of bullion GOL/

** Spot gold XAU= up 1.6% at $4,545.34/ounce

** Prices rise buoyed by a softer dollar and as a drop in oil prices ease concerns about inflation pressures and higher global interest rates, even as conflicting signals from the U.S. and Iran to end the war keep investors on edge

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N up 4.4% and 4.3%, respectively

** South African miners: Harmony Gold HMY.N, Gold Fields GFI.N and Sibanye Stillwater SBSW.N up 6.8%, 6.5% and 4.3%, respectively

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N rise 4.5% and Kinross Gold K.TO, KGC.N gain 4.9%

(Reporting by Katha Kalia in Bengaluru)

((katha.kalia@thomsonreuters.com))

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