Gold miners fall after US data dims hopes of over-sized rate cut

Franco-Nevada

11/09/2024 15:49

** Shares of gold miners fall, tracking lower prices of
bullion  GOL/ 
    ** Spot gold  XAU=  down 0.4%, hurt by a stronger U.S.
dollar and Treasury yields, after U.S. inflation data prompted
investors to scale back expectations of an over-sized rate cut
from the Federal Reserve next week
    ** Top miners Newmont  NEM.N  and Barrick Gold  ABX.TO  gain
2.1% and ~1%, respectively
    ** U.S.-listed shares of South African miners Gold Fields
 GFIJ.J   GFI.N  and AngloGold Ashanti  AU.N  each rise 2.5%,
while Harmony Gold  HARJ.J   HMY.N  gains 3.4%
    ** Franco-Nevada  FNV.TO  and Agnico Eagle Mines  AEM.TO 
both up about 1.4%

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