Gold miners rise after bullion hits record high

Franco-Nevada

12/09/2024 14:22

** U.S.-listed shares of gold miners rise premarket,
tracking prices of the bullion  GOL/ 
    ** Spot gold  XAU=  up 1% at record high of $2,542.10/ounce,
helped by  expectations of a U.S. Federal Reserve interest rate
cut next week, while supply concerns from top producer Russia
drove palladium above the key psychological level of $1,000
    ** Top miners Newmont  NEM.N  and Barrick Gold  GOLD.N  gain
1.1% and 1.4%, respectively
    ** Shares of South African miners Gold Fields  GFIJ.J 
 GFI.N  rise 0.7%, while Harmony Gold  HARJ.J   HMY.N  gain
1.4%, Sibanye Stillwater  SSWJ.J   SBSW.N  rise 4.7%
    ** Canadian miners Agnico Eagle Mines  AEM.TO   AEM.N  and
Kinross Gold  K.TO   KGC.N  both up marginally

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