Gold miners fall as bullion edges lower

Franco-Nevada

08/07/2024 17:55

** Shares of gold miners fall, tracking prices of the
bullion  GOL/ 
    ** Spot gold  XAU=  down 1.3% to $2,358.61/ounce, hurt by a
risk-on rally in equities and profit-taking by investors after a
sharp rally in the previous session over expectations that the
U.S. Federal Reserve could cut interest rates in September
    ** Top miners Newmont  NEM.N  and Barrick Gold  ABX.TO  each
fall 1.4%
    ** U.S.-listed shares of South African miners Sibanye
Stillwater  SSWJ.J   SBSW.N , Harmony Gold  HARJ.J   HMY.N ,
Gold Fields  GFIJ.J   GFI.N  and AngloGold Ashanti  AU.N  drop
between 1.1% and 3.1%
    ** Canadian miner Franco-Nevada  FNV.TO  falls 1.5%

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