Gold miners rise after Fed lowers interest rates

Franco-Nevada

18/09/2024 19:37

** Gold miners rise, tracking higher prices of the precious
metal 
    ** Spot gold  =XAU  jumps to a record high of $2,591/ounce
as dollar retreats after Federal reserve cuts interest rates by
50 basis points  GOL/ 
    ** Top gold miners rise; Newmont  NEM.N  rises 2.9% and
Canada's Barrick Gold  ABX.TO  up 1.6%
    ** U.S.-listed shares of South African miners AngloGold
Ashanti  AU.N , Gold Fields  GFI.N , Harmony Gold Mining  HMY.N 
and Sibanye Stillwater  SBSW.N  up between 1.5% and 4.5%
    ** Canadian miners Agnico Eagle Mines  AEM.TO ,
Franco-Nevada  FNV.TO  and Kinross gold  K.TO  rise between 2.1%
and 2.5%
    

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))