Gold miners climb on lower bond yields, Iran deal talks
05/08/2026 17:06
BUZZ-Gold miners climb on lower bond yields, Iran deal talks ** Shares of gold miners rise as bullion climbs to highest level in almost seven weeks
** Spot gold XAU= up 4.09% at $4,242.57/oz, after hitting its highest level since June 18 at $4,258.99, amid lower Treasury yields and hopes for progress in efforts to open the Strait of Hormuz GOL/
** Newmont NEM.N jumps 7.7%, while Barrick Mining ABX.TO rises 7.3%
** Royal Gold RGLD.O and AngloGold Ashanti AU.N rise 5.2% and 8.6%, respectively
** Canadian miners Kinross Gold K.TO up 8.6%, while Agnico Eagle Mines AEM.TO jumps 9.1%
(Reporting by Arunima Kumar in Bengaluru)