Gold miners fall as bullion edges lower

Franco-Nevada

31/05/2024 17:21

** Shares of gold miners fall tracking prices of the
precious metal  GOL/ 
    ** Spot gold  XAU=  dips 0.4% to $2,331.44/ounce, as
investors evaluated the timing of rate cuts from the Federal
Reserve following an inflation report largely in line with
estimates 
    ** Top miners Newmont  NEM.N  and Barrick Gold  ABX.TO  down
~1% and 0.4%, respectively
    ** U.S.-listed shares of South African miners Sibanye
Stillwater  SSWJ.J   SBSW.N , Gold Fields  GFIJ.J   GFI.N ,
Harmony Gold  HARJ.J   HMY.N  and AngloGold Ashanti  ANGJ.J 
 AU.N  lose between 0.9% and 3.4%
    ** Canadian miners Kinross Gold  K.TO  and Agnico Eagle
Mines  AEM.TO  drop 1.5% and 1.3%, respectively

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