Gold miners edge lower as US dollar, yields strengthen

Franco-Nevada

22/08/2024 15:42

(Updates)
    ** Shares of gold miners fall, tracking prices of the
bullion  GOL/ 
    ** Spot gold  XAU=  down 0.9% at 2,488.88 per ounce, hurt by
a stronger U.S. dollar and Treasury yields as investors
positioned themselves for Federal Reserve Chair Jerome Powell's
speech for insights into the anticipated September rate cut
    ** Top miners Newmont  NEM.N  and Barrick Gold  ABX.TO  down
1.3% and 1.2%, respectively
    ** U.S.-listed shares of South African miners Sibanye
Stillwater  SSWJ.J   SBSW.N  and Harmony Gold  HARJ.J   HMY.N 
both down ~4%; AngloGold Ashanti  AU.N  drops 3.3% and Gold
Fields  GFIJ.J   GFI.N  slips 4.2%
        ** Canadian miners Agnico Eagle Mines  AEM.TO ,
Franco-Nevada  FNV.TO  drop 1.2% and 1.5%, respectively; Kinross
Gold  K.TO  falls 2.2%

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