Gold miners rise on Fed rate cut bets

Franco-Nevada

20/06/2024 15:44

** Shares of gold miners rise, tracking prices of the
precious metal 
    ** Spot gold  XAU=  up 1.2% at $2358/07 per ounce as recent
U.S. economic data showing signs of a slowdown in the world's
largest economy boosted bets for interest rate cuts from the
Federal Reserve this year  GOL/  
    ** Shares of top gold miners Newmont  NEM.N  and Barrick
Gold  ABX.TO  up 1.6% and 2.2%, respectively 
    ** U.S.-listed shares of South African miners Harmony Gold
Mining  HMY.N , AngloGold Ashanti  AU.N  and Gold Fields  GFI.N 
up between 2.9% and 5% 
    ** Canadian miners Franco-Nevada  FNV.TO , Agnico Eagle
Mines  AEM.TO  and Kinross Gold  K.TO  rise between 1.1% and
1.6%    

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