Gold miners rise on stronger bullion ahead of US inflation data

Alamos Gold

27/03/2024 14:03

** Shares of gold miners rise in morning trade, tracking
higher prices of bullion  GOL/ 
    ** Spot gold  XAU=  up 0.5% at $2,189.86/ounce, as investors
await U.S. inflation data that can offer fresh clues about when
the Federal Reserve will start easing its monetary policy
    ** Top miners Newmont  NEM.N  and Barrick Gold  ABX.TO  up
1.5% and 1.2%, respectively
    ** U.S.-listed shares of South African miner Harmony Gold
 HARJ.J   HMY.N  rise 1.8%
    ** Canadian miners Kinross Gold  K.TO  and Agnico Eagle
Mines  AEM.TO  climb 1.3% and 1.1%, respectively
    ** Alamos Gold  AGI.TO  gains 5% after company announces
$325 mln all-stock deal to buy smaller rival Argonaut Gold
 AR.TO ; AR shares surge ~27%

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))