Gold miners fall as bullion prices edge lower on firmer US dollar
Tue 15:17
BUZZ-Gold miners fall as bullion prices edge lower on firmer US dollar Updates
** Shares of gold miners down, as bullion prices decline more than 2% GOL/
** Spot gold XAU= slips 2.5% to $4,038.86/ounce, after hotter-than-expected US inflation data lifted the dollar and Treasury yields, while reinforcing expectations of a bigger interest rate hike from the Federal Reserve this year
** Top miners Newmont NEM.N, Barrick Mining ABX.TO down 3.6% and 4.7%, respectively
** US-listed shares of South African miners Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N drop between 3.8% and ~6%
** Canadian miners: Agnico Eagle Mines AEM.TO dips 3.9%, Kinross Gold K.TO falls 4.6%
(Reporting by Pooja Menon in Bengaluru)