Gold miners up as retreat in dollar, Treasury yields boost bullion's appeal

Equinox Gold

19/12/2023 16:18

** Shares of gold miners rise, tracking prices of the
precious metal
    ** Spot gold  XAU=  up 0.7% at $2,041.69/ounce, as dollar
and Treasury yields weaken, and investors await U.S. economic
data to provide cues on U.S. Federal Reserve's next moves  GOL/ 
    ** Lower bond yields and interest rates reduce the
opportunity cost of holding non-interest-bearing gold
    ** Top gold miners Newmont  NEM.N  and Barrick Gold  ABX.TO 
up 2.68% and 1.81%, respectively
    ** U.S.-listed shares of South African miners Gold Fields
 GFIJ.J   GFI.N , Harmony Gold  HARJ.J   HMY.N , and AngloGold
Ashanti  ANGJ.J   AU.N  rise between 3% and 7%
    ** Shares of Canadian miners Agnico Eagle Mines  AEM.TO 
 AEM.N , Kinross Gold  K.TO   KGC.N  and Franco-Nevada  FNV.TO 
gain between 0.97% and 2.60%
    ** Equinox Gold  EQX.TO  up 4.9%, among the top pct gainers
on the S&P/TSX Composite index  .GSPTSE 

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))