Gold miners rise as US Treasury yields edge lower

Franco-Nevada

05/06/2024 16:30

** Shares of gold miners rise tracking prices of the bullion
 GOL/ 
    ** Spot gold  XAU=  up 0.8% at $2,346.21/ounce, as U.S.
Treasury yields edged lower after weaker-than-expected private
payrolls data bolstered expectations that the Federal Reserve
would cut interest rates later this year
    ** Top miners Newmont  NEM.N  and Barrick Gold  ABX.TO  up
0.7% and 0.8%, respectively
    ** U.S.-listed shares of South African miners Harmony Gold
 HARJ.J   HMY.N , Gold Fields  GFIJ.J   GFI.N  and Sibanye
Stillwater  SSWJ.J   SBSW.N  gain between ~1% and 1.5%
    ** Canadian miners Franco-Nevada  FNV.TO , Agnico Eagle
Mines  AEM.TO  and Kinross Gold  K.TO  rise between ~1% and 2.8%

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